$LAB on the 15m chart, and the three queens are giving a slightly bearish picture right now. Price is around .0793, sitting just above m(7) at .07904, but still below m(25) at .07953 and m(99) at .08040.
For me, the .0795–.0804 area is the key zone. If LAB gets rejected there, the downside could open up again.
📉 Possible Short Setup
Entry: .0795–.0804
🎯 Target 1: .0780
🎯 Target 2: .0772
🎯 Target 3: .0735
🛑 Risk Level: Above .0805
If LAB breaks above m(99) and holds, I’d reconsider the short idea. As always, watch volume and price action before entering. 📊
#Labs #crypto #markit
For me, the .0795–.0804 area is the key zone. If LAB gets rejected there, the downside could open up again.
📉 Possible Short Setup
Entry: .0795–.0804
🎯 Target 1: .0780
🎯 Target 2: .0772
🎯 Target 3: .0735
🛑 Risk Level: Above .0805
If LAB breaks above m(99) and holds, I’d reconsider the short idea. As always, watch volume and price action before entering. 📊
#Labs #crypto #markit