$LAB #LAB
The whales are controlling the market tightly, with spikes in both directions; they won't spare even 2x leverage. Right now, there’s no good risk-reward ratio for either longing or shorting. If we short, we haven't seen an upward spike yet, and stop-losses are tricky. Doubling down might push us to the 8 range; for longing, the market makers love to hit stop-losses at specific points.
The hype is way too high right now; the best move is to play it safe—survival is the first rule.
If you really want to trade, I suggest waiting for a spike down to around 2 to long, but keep your stop-loss wider; if there’s an upward spike to around 8-10, that’s a good area to short, as there are many large orders in the liquidation zone.
The whales are controlling the market tightly, with spikes in both directions; they won't spare even 2x leverage. Right now, there’s no good risk-reward ratio for either longing or shorting. If we short, we haven't seen an upward spike yet, and stop-losses are tricky. Doubling down might push us to the 8 range; for longing, the market makers love to hit stop-losses at specific points.
The hype is way too high right now; the best move is to play it safe—survival is the first rule.
If you really want to trade, I suggest waiting for a spike down to around 2 to long, but keep your stop-loss wider; if there’s an upward spike to around 8-10, that’s a good area to short, as there are many large orders in the liquidation zone.