Guy's, it's a good night post from my side, but let me give my view on $LAB real quick!
Right now it's trading around 8$, and the squeeze above 7.5$ is already done.
What I'm hearing everywhere is "short, short, short." Why? Because people are looking at the liquidation clusters sitting down around the 3$ zone. That's the typical retail perspective. Most traders are only watching the heatmap and trying to predict where the liquidations are sitting.
But let me explain something more interesting.
What I'm looking at is the other side of the trade. Funding rates are around -0.20, which means there's a heavy concentration of shorts in the market. Everyone is focused on the long liquidations below, but very few are paying attention to where the short liquidations and stop losses are stacked.
And that's exactly what I'm watching.
I'm looking at the retail stop losses and short liquidations sitting around the 10$–13$ zone. That's where psychology comes into play.
What would a market maker rather do? Push price lower into a zone everyone is already expecting, or push it higher into a massive pool of short liquidations?
If price breaks above 10$, that psychological resistance disappears. The traders who just got stopped out on their shorts suddenly start thinking, "Wow, this thing is going to 20$." That's when FOMO kicks in.
The same people who were aggressively short become aggressive buyers.
And that's where the game is won.
The crowd flips bullish, buys the most expensive tokens, and provides liquidity for larger players. By the time most traders realize what's happening, they're already trapped on the wrong side of the move.
That's why I'm still fully confident in my 10$ target.
Of course, that's just my view, and you're free to disagree. Let me know what you think.
By the time retailers start thinking independently, they often realize they've already been trapped. 😝😝
Good luck, guy's. See you soon! 🤝