A few days ago $LAB was trading around $12-$13. Now it’s back above $16.
The funny thing about LAB is that every time it pumps, people immediately start talking about $20, $30 and new ATHs again.
Despite a 20%+ move, the price is still struggling around the same area where sellers showed up before.
Currently, the pump feels like short liquidations, FOMO, and momentum traders chasing green candles. The higher it goes, the more confident people become, even though the risk is getting bigger.
If $LAB starts losing the $15 area again, I think a move back toward $13-$14 happens much faster than people expect.
That’s why I’m bearish on LABhere and looking at the short side.
Alívio Geopolítico: As notícias de um acordo de paz interino entre os EUA e o Irã reabriram o Estreito de Ormuz, aliviando os temores de inflação global e provocando uma grande alta de risco nos mercados.