$LAB hit $17.00 and I'm watching for the short of the month. Here's my strategy.
LABUSDT
Διην.
15
-21.88%
Wave (5) extended hard that's the distribution candle. But shorting parabolic moves is dangerous without confirmation.
My short strategy:
Wait for the first 4H candle that closes below the previous 4H low that's momentum shifting, not guessing. Then wait for a dead cat bounce retest of $14.00–$15.00 resistance. That retest is your entry, not the top.
Never short into strength. Short into the first confirmed rejection.
ZachXBT already flagged insider distribution. When smart money exits, gravity does the rest.
Patience over precision.