This isn’t a giveaway—it’s incremental buying pressure speaking. On the 1-hour chart, $LAB is holding firmly above EMA50 and EMA200, with the short-term moving averages aligned bullishly. In this setup, a pullback often offers better value than chasing a rally. I’m watching to see whether volume contracts as price pulls back into the cluster of moving averages—a pullback on lower volume suggests selling pressure is limited and incremental capital is still in the market.
The daily trend remains weak, so this long position is essentially a short-term momentum trade against the larger trend. Keep position size in check, and respect the stop-loss. Only if key levels hold can the upside open up.
🟢 Trade direction: Long
📍 Entry range: 0.0472604 – 0.0476334
🛑 Stop-loss: 0.0443031
🎯 Take profit 1: 0.0498049
🎯 Take profit 2: 0.0513767
🎯 Take profit 3: 0.0537347
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#LAB
Click below to trade 👇
The daily trend remains weak, so this long position is essentially a short-term momentum trade against the larger trend. Keep position size in check, and respect the stop-loss. Only if key levels hold can the upside open up.
🟢 Trade direction: Long
📍 Entry range: 0.0472604 – 0.0476334
🛑 Stop-loss: 0.0443031
🎯 Take profit 1: 0.0498049
🎯 Take profit 2: 0.0513767
🎯 Take profit 3: 0.0537347
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#LAB
Click below to trade 👇