Don't Let A 99% Discount Fool You (Biggest Trap)Don't Let A 99% Discount Fool You (The Biggest Trap In Crypto Right Now: NASDAQ:LAB )
Many investors are buying #LAB expecting an easy 2x-10x recovery simply because it's down over 99%.
But here's what most people are ignoring...
NASDAQ:LAB crashed from $18 to $0.16 in just 2 weeks (-99%)
It then fell from its all-time high of $24 to just $0.16 in only 6 weeks.
That's one of the fastest collapses you'll ever see.
The chart still shows no clear signs of accumulation or a confirmed trend reversal.
Now ask yourself one question:
Who will create the buying pressure from here?
If early holders or insiders still control a large supply, every rally could become another opportunity for them to sell into retail buyers.
Professional investors don't buy assets simply because they've fallen 99%.
They buy when price action, market structure, and demand begin to improve.
Remember...
A token down 99% can still lose another 99%.
Cheap price doesn't always mean good value.
NFA & DYOR
Short