🚀
$LAB : A TECHNICAL TEST IN SEARCH OF RECOVERY 📊🔥
The
$LAB came from an extremely aggressive drop 📉💥. After trading above US$ 27, the token suffered a retracement of over 99%, reaching the current regions close to cents. 😳
Even with this volatility, I’m watching for a possible reaction 👀📈. The main point for me will be the volume 🔊: if the recovery continues alongside a consistent increase in volume, the move gains much more strength and credibility. 💪🔥
On the chart, I still want a few important confirmations 🧠📊: RSI above 50 points, MACD tracking the recovery, and, most importantly, volume rising during the rally 📈📊.
If volume really accelerates as the price moves up, that will be a sign I’ll like quite a lot. 🚀👀
My personal outlook is ambitious 🎯: US$ 10 is the target I’m imagining for this move, but it’s still an extremely uncertain possibility. The first level I consider far more important to watch would be US$ 1 USDT 💵📈.
Until then, a lot can happen. ⚠️
🧪 For now, I see this more as a test and a personal analysis rather than a sure thing.
🚨 This is not investment advice. I’m only sharing a personal trade/idea and following what happens with the
$LAB . 👀📊🔥
#Labs #altcoins