My personal take on Lab
Similar to previous coins like auction, rave, myx, siren,…
After 2-3 days, a daily candlestick will spike 200-300% and then there will be a liquidity sweep (about 40%) from the peak.
This sweep typically happens around 9 PM VN time. The number of sweeps can range from 2-3 times depending on the short volume (but I've mostly seen it happen around 2-3 times at most).
After the sweep, there will usually be an additional pump of 20-30% from the old peak.
Regarding Rave, I believe this coin should surge up to at least $6.
The trading strategy for this junk coin is as follows. For those who are not familiar with trading, after a pump of 20-30% from the previous peak, if the RSI on the 15m, 1h, 2h, 4h, especially the 12h frame is above 90, then you should short.
Since my win rate is around 80%, keep in mind that the volume at entry should be small; if the candlestick spikes strongly, you might want to DCA an additional 1-2 times.
Make sure to set a stop-loss (SL), and for me, the maximum loss tolerance is 2% of the total account. SL is essential; if you disregard it, it’s no different from gambling, so please pay attention.
Wishing you all the best in making and protecting your capital
#LAB #HocTradeCoin #trending