$LAB Breakout signals further weakness, bears target next support zone
Short trading plan for LAB (20x)
Entry: 0.2190 – 0.2235
SL: 0.2315
TP1: 0.2100
TP2: 0.2000
TP3: 0.1905
LAB has broken a key structure, signaling further weakness, and bears are targeting the next support zone. The 0.2190 – 0.2235 zone is acting as short-term resistance, and the overall structure still favors sellers.
The stop loss is placed at 0.2315, a relatively clean level above the resistance zone. If it gets swept, no regrets. If the downward pressure continues, targets of 0.2100 → 0.2000 → 0.1905 are entirely feasible.
The distance from entry to stop loss is quite close (~3.6-5.7%). Suitable for a short-term short order. Enter a small order and set the stop loss correctly.
A breakout signals further weakness; will the bears push the price down to the next support level? Have you entered a short position yet? Comment to discuss
Short trading plan for LAB (20x)
Entry: 0.2190 – 0.2235
SL: 0.2315
TP1: 0.2100
TP2: 0.2000
TP3: 0.1905
LAB has broken a key structure, signaling further weakness, and bears are targeting the next support zone. The 0.2190 – 0.2235 zone is acting as short-term resistance, and the overall structure still favors sellers.
The stop loss is placed at 0.2315, a relatively clean level above the resistance zone. If it gets swept, no regrets. If the downward pressure continues, targets of 0.2100 → 0.2000 → 0.1905 are entirely feasible.
The distance from entry to stop loss is quite close (~3.6-5.7%). Suitable for a short-term short order. Enter a small order and set the stop loss correctly.
A breakout signals further weakness; will the bears push the price down to the next support level? Have you entered a short position yet? Comment to discuss