🔴 SHORT $LAB — Breakdown Confirmed
The crash is real. Bounces are getting sold.
$LAB crashed from 0.57 to 0.38 in one session. EMA20 at 0.41, EMA50 at 0.43 — both sloping down hard. RSI at 29 — oversold, but in a strong downtrend, oversold can stay oversold.
Bounces are weak. Volume on the drop is heavy. The structure is clearly bearish.
I'm going short from here.
Entry: 0.410 – 0.412
SL: 0.425
🎯 TP1: 0.400
🎯 TP2: 0.390
🎯 TP3: 0.375
Setup fails if price closes above 0.418 on the 15m.
When a crash is confirmed, the path of least resistance is down.
DYOR. Not financial advice.
$LAB #Binance #BinanceSquare #cryptosignals
The crash is real. Bounces are getting sold.
$LAB crashed from 0.57 to 0.38 in one session. EMA20 at 0.41, EMA50 at 0.43 — both sloping down hard. RSI at 29 — oversold, but in a strong downtrend, oversold can stay oversold.
Bounces are weak. Volume on the drop is heavy. The structure is clearly bearish.
I'm going short from here.
Entry: 0.410 – 0.412
SL: 0.425
🎯 TP1: 0.400
🎯 TP2: 0.390
🎯 TP3: 0.375
Setup fails if price closes above 0.418 on the 15m.
When a crash is confirmed, the path of least resistance is down.
DYOR. Not financial advice.
$LAB #Binance #BinanceSquare #cryptosignals