X (Twitter) lately I’ve been seeing many people rushing headlong to buy $LAB . The logic is very simple—the token has fallen 99% from its all-time high, so everyone has this hope: “If we can recover just a little, like 2x or 3x from here, we’ll be safe!”
But bro, take a look at the chart with a cool head.
This isn’t a normal market correction. The project’s team itself has dragged the token’s price from $25 down to $0.20 in one go (dumped it). And currently? There are no signs on the chart that any major investor or whales will pull it back up again.
Think logically—if the team is going to push the price up again now, then the loss would be theirs. Where regular people are lining up to buy the token themselves just to empty their own pockets, why would the team use their own loss to make us profitable?
It’s true that in this chart situation, no one has the nerve to go short (Short) right now, but a lot of people are mindlessly opening long (Long) positions and just sitting there. Yet we all know the eternal truth of the crypto market—whenever some blinded emotions cause the whole crowd to run in one direction, the loss at the end of the day belongs to that very crowd.
Step carefully. Don’t try to catch the falling knife just because the price feels “cheap.”