$LAB has pushed above 10, and the move has been nothing short of explosive. In just 24 hours, its market cap surged by hundreds of billions, while price climbed more than 60%.
As short positions continue to build, the rally can accelerate further as liquidations add fuel to the upside. On the other hand, when long positions become overcrowded, the market often sees a sharp pullback to flush them out.
If this momentum holds, traders are now eyeing the 15 zone as the next key target.
As short positions continue to build, the rally can accelerate further as liquidations add fuel to the upside. On the other hand, when long positions become overcrowded, the market often sees a sharp pullback to flush them out.
If this momentum holds, traders are now eyeing the 15 zone as the next key target.