$LAB looks more dangerous than bullish now.
BIAS: SHORT
This is no longer a clean momentum long for me. $LAB is trading with a very high FDV, only part of the supply circulating, and a chart that already gave retail the “it’s still early” feeling.
That’s exactly where these trades get nasty.
I’m not saying $LAB is the same project as $RAVE. I’m saying the market structure is starting to rhyme: vertical move, huge valuation, late buyers chasing, and perps turning the chart into a casino.
Short zone: $8.40 to $8.70 rejection
Main trigger: 4h close below $8.10
Invalidation: 4h close above $8.98
Targets: $7.40, $6.80, $5.80
My bot flagged the risk shift because the 15m has already started rejecting higher prices while the 1d candle still looks euphoric. That’s usually where late longs feel safe, then the first real red candle shows them the exit door is tiny.
The key level is $8.10.
Lose that and I don’t think buyers defend politely. High FDV coins can fall faster than normal because nobody wants to be the last holder when momentum flips.
If $8.98 gets reclaimed, the short is wrong and I step aside.
But below $8.10, I’m treating LAB like a RAVE-style breakdown setup, not a dip-buy.
Are you shorting the break, or waiting for one last squeeze into $8.70?
#LAB #BinanceFutures #Altcoins #CryptoTrading