#LAB LAB just smashed through the lower Bollinger band with a massive bearish candlestick. We’re down nearly 10% in the last 24 hours, with heavy selling pressure and bulls completely outmatched.
The market is clearly leaning bearish now, and any rebound is likely just a trap for the bulls.
For short-term plays, if we can’t break 4.2 on the bounce, I’d recommend going light on a short position.
I’ll be updating key levels and market rhythm in the Planet Lab in real-time.
If you want to stay in the loop, hit that follow button so you don’t miss out $LAB
The market is clearly leaning bearish now, and any rebound is likely just a trap for the bulls.
For short-term plays, if we can’t break 4.2 on the bounce, I’d recommend going light on a short position.
I’ll be updating key levels and market rhythm in the Planet Lab in real-time.
If you want to stay in the loop, hit that follow button so you don’t miss out $LAB