LAB has nearly gained 20% in the past 24 hours, and many are optimistic, but I took a close look at the candlestick chart. The 1-hour chart is already showing some strain, and the trading volume is still clearly shrinking.
In my years of trading, I've seen this signal too many times—after a rapid short-term surge, the volume can't keep up, and it usually enters a phase of consolidation and digestion. This doesn't mean it will definitely go down, but it's very difficult to continue a one-sided upward push.
Looking at the 4-hour RSI, which has already reached 71, my instinct says it’s time for a correction. But the problem is, as long as the main trend structure isn’t broken, just guessing the top based on overbought conditions often results in a harsh market reality check. Strong coins can stay overbought longer than you might expect; the key is whether there are any signs of structural damage.
Right now, this position is indeed a bit awkward—buying in now risks catching it at the middle of the ascent; shorting against the market trend is also risky. So my attitude is very clear: **wait and see**.
Wait and see for what? Two critical points. If it can break through the key level of 0.16 with volume and stabilize, then considering a long position is worthwhile. Conversely, if it falls below the recent small support level of 0.142, the short-term momentum might reverse.
As a trend trader, the most valuable skill is waiting for a sufficiently clear signal. I’d rather miss some market moves than engage in awkward or ambiguous trades.
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ProbablyNothing
· 01-11 07:01
The signal of shrinking volume, I understand it too well, it's always the same routine.
A 20% increase sounds great, but who hasn't experienced that feeling of being slapped in the face right after?
An overbought RSI doesn't necessarily mean a correction. That's correct, strong coins are just stubborn; it depends on whether the structure is damaged.
Waiting for the signal, anyway there's no rush. Chasing after the middle of the mountain is even more painful than missing the opportunity.
Only daring to follow after breaking and stabilizing at 0.16? That's a bit overly cautious, but on the other hand, living like that really lasts longer.
But now, there are definitely a bunch of people with FOMO, waiting to be harvested.
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ConsensusDissenter
· 01-10 20:46
When the volume shrinks, it's time to hold, don't be blinded by the rise.
Wait for the signal, only act when 0.16 breaks.
This kind of halfway up the mountain is the most disgusting, watching it rise but not daring to chase.
RSI is so high, how many more losses does it take to learn a lesson?
Better to miss out than to force a trade; this awareness is a must.
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RugPullSurvivor
· 01-08 15:48
The shrinking volume pushes the price to the top; I've seen this trick before. Waiting for a signal is much wiser than chasing highs.
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PanicSeller
· 01-08 15:37
The issue of shrinking volume, I've been burned by it before. This time, LAB probably needs to consolidate and digest the gains.
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To chase or not to chase, I feel it's more reliable to wait for the 0.16 and 0.142 levels; otherwise, it's just gambling.
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RSI is already at 71 and it can still go up. This market is really unbelievable. I'm just going to lie flat and observe.
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Why is it always like this? The price rises so quickly, but the volume doesn't keep up. It's so frustrating.
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I'm a bit regretful for not escaping the top earlier. Now, entering feels like just being a bagholder.
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Based on what you said, I think I'll hold off for now and wait for a signal. Anyway, missing out on some is better than losing money.
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The problem is, waiting and waiting, it just runs away again. That's the most heartbreaking part.
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If 0.16 can't be broken, I guess it will really drop further. The probability seems quite high.
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Chasing longs halfway up the mountain, I've already suffered too many losses. I've learned my lesson.
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Looking at your analysis, I feel it's safer to stay on the sidelines. Anyway, the market can't run away forever.
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HappyMinerUncle
· 01-08 15:36
The signal of shrinking volume is frustrating; I've seen it too many times, and it usually doesn't bode well.
It feels like whether you chase or not, you'll end up losing out—this is the market's bad temper.
Breaking 0.16 is the key; otherwise, it's all just talk.
Like you, I think it's better to wait and see what happens, no need to rush headlong into the gunfire.
RSI at 71 is indeed a bit hot, but the crazy coins in the crypto world can stay crazy longer—who can say for sure?
Waiting for that confirmed signal is a thousand times better than blindly guessing, I agree with that.
This position right now is just a trap; chasing long or short is painfully awkward.
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NftDeepBreather
· 01-08 15:36
The signal of shrinking volume indeed is a trick, I've seen too many cases of being trapped.
On the positive side, it's considered consolidation; on the negative side, it means no one is chasing anymore. Breaking 0.142 would really be the end.
How long can a strong coin deceive people? The key is whether new funds come in to take over, otherwise that 20% increase is just a mirage in the desert.
It's not surprising that RSI hit 71, but I still want to wait and see. I don't want to be the last one holding on; it's too uncomfortable.
People chasing longs are betting on a relay later, but looking at the trading volume, there's no real atmosphere.
LAB has nearly gained 20% in the past 24 hours, and many are optimistic, but I took a close look at the candlestick chart. The 1-hour chart is already showing some strain, and the trading volume is still clearly shrinking.
In my years of trading, I've seen this signal too many times—after a rapid short-term surge, the volume can't keep up, and it usually enters a phase of consolidation and digestion. This doesn't mean it will definitely go down, but it's very difficult to continue a one-sided upward push.
Looking at the 4-hour RSI, which has already reached 71, my instinct says it’s time for a correction. But the problem is, as long as the main trend structure isn’t broken, just guessing the top based on overbought conditions often results in a harsh market reality check. Strong coins can stay overbought longer than you might expect; the key is whether there are any signs of structural damage.
Right now, this position is indeed a bit awkward—buying in now risks catching it at the middle of the ascent; shorting against the market trend is also risky. So my attitude is very clear: **wait and see**.
Wait and see for what? Two critical points. If it can break through the key level of 0.16 with volume and stabilize, then considering a long position is worthwhile. Conversely, if it falls below the recent small support level of 0.142, the short-term momentum might reverse.
As a trend trader, the most valuable skill is waiting for a sufficiently clear signal. I’d rather miss some market moves than engage in awkward or ambiguous trades.