Everyone is ignoring the RSI reading that just broke 28 on $LAB /USDT.
$LAB - SHORT
Trade Plan:
Entry: 0.1741382 โ 0.1762618
SL: 0.2049014
TP1: 0.1529240
TP2: 0.1380733
TP3: 0.1157972
Why this setup?
RSI at 28.33 on 15m is deeply oversold, but the 4h trend is still range-bound with a bearish edge of 5.8. Entry at 0.1752 with TP1 at 0.1529 gives a 12.7% drop before any bounce. The 1D trend hasn't flipped bullish yet โ this is a short-term exhaustion, not a reversal.
Debate:
Do you trust a dead cat bounce off 28 RSI, or do you ride the slide to TP2?
Click here to Trade ๐๏ธ
$LAB - SHORT
Trade Plan:
Entry: 0.1741382 โ 0.1762618
SL: 0.2049014
TP1: 0.1529240
TP2: 0.1380733
TP3: 0.1157972
Why this setup?
RSI at 28.33 on 15m is deeply oversold, but the 4h trend is still range-bound with a bearish edge of 5.8. Entry at 0.1752 with TP1 at 0.1529 gives a 12.7% drop before any bounce. The 1D trend hasn't flipped bullish yet โ this is a short-term exhaustion, not a reversal.
Debate:
Do you trust a dead cat bounce off 28 RSI, or do you ride the slide to TP2?
Click here to Trade ๐๏ธ