👇💰URGENT! ALARM! SHORT $LAB
LABUSDT
Perp
9.415
-3.71%
Post
--Bearish
tinkyviky
·
--
Bearish$LAB SHORT (fade the ATH) 🔴
{alpha}(560x7ec43cf65f1663f820427c62a5780b8f2e25593a)
Current: 7.72
Entry: 7.85 to 7.94 (sell ATH zone) or on break below 7.50
TP1: 7.00
TP2: 6.20
TP3: 5.50 (24h low)
SL: 8.05 (above ATH)
Do not short into the pump. Wait for rejection at 7.85 to 7.94 or a hold below 7.50. Small size, funding is negative, squeeze up is real.
Breakdown
Parabola, plus 36.82% on day, price at ATH 7.94
Wild daily range 5.51 to 7.94, overheated
Funding minus 0.19 per 4h, shorts crowded, squeeze risk
1m structure still bullish, no reversal yet, need a trigger
Fundamentals 🚩
ZachXBT tied team multisig to BSC pump and dumps (ESPORTS minus 93%)
Bitget accused of enabling manipulation
Insider cashout of 1.13M already dropped price before
Murky tokenomics, unlock overhang (77M of 1B circulating)
A pump on this backdrop is often the markup phase before a dump
{alpha}(560x7ec43cf65f1663f820427c62a5780b8f2e25593a)
Current: 7.72
Entry: 7.85 to 7.94 (sell ATH zone) or on break below 7.50
TP1: 7.00
TP2: 6.20
TP3: 5.50 (24h low)
SL: 8.05 (above ATH)
Do not short into the pump. Wait for rejection at 7.85 to 7.94 or a hold below 7.50. Small size, funding is negative, squeeze up is real.
Breakdown
Parabola, plus 36.82% on day, price at ATH 7.94
Wild daily range 5.51 to 7.94, overheated
Funding minus 0.19 per 4h, shorts crowded, squeeze risk
1m structure still bullish, no reversal yet, need a trigger
Fundamentals 🚩
ZachXBT tied team multisig to BSC pump and dumps (ESPORTS minus 93%)
Bitget accused of enabling manipulation
Insider cashout of 1.13M already dropped price before
Murky tokenomics, unlock overhang (77M of 1B circulating)
A pump on this backdrop is often the markup phase before a dump