Guys $LAB is setting up for a possible short continuation here 📉
Entry: 0.0715 - 0.0721
🎯 TP1: 0.0692
🎯 TP2: 0.0665
Price has broken down aggressively on the 1h time frame, trading well below moving averages. Long traders are heavily trapped with over 67% long positioning, opening room for further unwinding.
If sellers keep pressure below 0.0720, we could see a retest of 0.0692 support soon.
Stay sharp 👀
Entry: 0.0715 - 0.0721
🎯 TP1: 0.0692
🎯 TP2: 0.0665
Price has broken down aggressively on the 1h time frame, trading well below moving averages. Long traders are heavily trapped with over 67% long positioning, opening room for further unwinding.
If sellers keep pressure below 0.0720, we could see a retest of 0.0692 support soon.
Stay sharp 👀