$LAB From the chart analysis, is LAB hitting its peak? Can it pump again?
Currently, the 12-16 range is the whale's accumulation zone because the funding rate is noticeably dropping here.
Dog hasn't been stacking up on spot; rather, it's been heavily closing long positions, which is evident from the trading volume.
When will the accumulation phase finish and the downtrend begin? There are several signals:
1. If the price breaks below the 10-11U support, the protective buying will likely end, and the dog whale won't prop up the price.
2. A long shadow candlestick appears at a high position, followed by an immediate spike and drop, with increased trading volume. This is the most dangerous scenario as it can easily wreck stubborn short positions, but the probability is low.
3. Trading volume continues to increase, but the price fails to make new highs; we're currently in this phase, within the 12-16U accumulation range.
4. If the DOG whale notices large long holders starting to close positions gradually, this isn’t necessarily a signal, but the bears would definitely want this to happen. The whale can't just keep throwing money to lift others, right?
5. The whale released good news 3 hours ago, likely to trick retail traders into buying in, probably the last harvest.
Currently, a light short position can be taken, but to chase shorts, we need to see if the price breaks below 10U, then decisively below 6.2U.
#LAB
Currently, the 12-16 range is the whale's accumulation zone because the funding rate is noticeably dropping here.
Dog hasn't been stacking up on spot; rather, it's been heavily closing long positions, which is evident from the trading volume.
When will the accumulation phase finish and the downtrend begin? There are several signals:
1. If the price breaks below the 10-11U support, the protective buying will likely end, and the dog whale won't prop up the price.
2. A long shadow candlestick appears at a high position, followed by an immediate spike and drop, with increased trading volume. This is the most dangerous scenario as it can easily wreck stubborn short positions, but the probability is low.
3. Trading volume continues to increase, but the price fails to make new highs; we're currently in this phase, within the 12-16U accumulation range.
4. If the DOG whale notices large long holders starting to close positions gradually, this isn’t necessarily a signal, but the bears would definitely want this to happen. The whale can't just keep throwing money to lift others, right?
5. The whale released good news 3 hours ago, likely to trick retail traders into buying in, probably the last harvest.
Currently, a light short position can be taken, but to chase shorts, we need to see if the price breaks below 10U, then decisively below 6.2U.
#LAB