🚀 $LAB USDT on a roll! +33% pure strength
We're witnessing an impressive rally in LABUSDT, defying the overall market and moving on its own. Here are the key areas I'm keeping an eye on right now:
Critical resistance: The price is facing a significant wall of sellers at 17.82. If we manage to break through this ceiling with solid volume, we could see new highs.
Alert signal (Funding Rate): We have a very negative funding rate (-0.106%), which means many are still betting against it. This often fuels "short squeezes" (explosive rises due to liquidations), but it also indicates that the market is heavily loaded.
Market independence: While Bitcoin shows selling pressure from institutions, this asset has chosen to follow its own bullish path.
Capital inflow: The increase in Open Interest confirms that there is real money backing this movement, it's not just empty speculation.
⚠️ Golden rule: In times of such volatility, discipline is your best friend. Don't trade impulsively and always keep your risk management at hand.
Is anyone else riding this wave or do you prefer to wait for the price to settle? I'm all ears! 👇
#Labs #crypto
We're witnessing an impressive rally in LABUSDT, defying the overall market and moving on its own. Here are the key areas I'm keeping an eye on right now:
Critical resistance: The price is facing a significant wall of sellers at 17.82. If we manage to break through this ceiling with solid volume, we could see new highs.
Alert signal (Funding Rate): We have a very negative funding rate (-0.106%), which means many are still betting against it. This often fuels "short squeezes" (explosive rises due to liquidations), but it also indicates that the market is heavily loaded.
Market independence: While Bitcoin shows selling pressure from institutions, this asset has chosen to follow its own bullish path.
Capital inflow: The increase in Open Interest confirms that there is real money backing this movement, it's not just empty speculation.
⚠️ Golden rule: In times of such volatility, discipline is your best friend. Don't trade impulsively and always keep your risk management at hand.
Is anyone else riding this wave or do you prefer to wait for the price to settle? I'm all ears! 👇
#Labs #crypto