The $LAB are testing a dump, but before that they’ll probably need to clear out the retail shorts first. Keep an eye on the funding rates and borrowing fees—you know what I mean.

Personally, I think it could move back to 32 before another leg down. That doesn’t mean I’m calling for a long position, but I also wouldn’t be loading up on shorts at these levels.

The smart approach is to stay balanced and manage risk. If you know how to hedge properly, use it. That’s exactly what I’m doing. Stay flexible and don’t get married to one direction.#TraderAlert #tradermindset #Binance $