$LAB Long Liquidation: $2.4768K at $0.15422
Long traders on $LAB were forced to exit as price dropped below a key support level, triggering stop losses and accelerating the downside move. Buyers failed to hold the zone, allowing sellers to take short-term control.
Liquidation Type: Long
Liquidated Amount: $2.4768K
Liquidation Price: $0.15422
EP: $0.1540
TP: $0.1495 → $0.1450
SL: $0.1580
Market Outlook:
This long liquidation signals weakness below the $0.154 area. As long as price remains under the liquidation zone, downside pressure can continue toward lower support levels. Any bounce without strong volume is likely to be sold.
Pro Tip: After a long flush, don’t rush entries. Let price stabilize and reclaim structure before considering longs patience protects capital.
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