$LAB facing heavy selling pressure on the 1H chart ๐โ ๏ธ
$LAB is trading around $0.07535 after a sharp rejection from the $0.09489 high. Sellers have taken control of the short-term structure, while price remains below all three major moving averages.
The recent -9% move shows that volatility is still elevated, so traders should watch the next reaction carefully.
๐ Key Zones To Watch
Resistance: $0.0795 โ $0.0820
Support: $0.0710 โ $0.0700
Major Support: $0.0625 โ $0.0558
If bulls fail to reclaim the $0.0795โ$0.0820 area, another move lower could develop. However, strong buying around support could trigger a relief bounce.
For now, the short-term structure remains bearish. Confirmation around these zones is more important than chasing the move.
Will #Labs recover from here or continue lower? ๐
$LAB
#Crypto #Binance
$LAB is trading around $0.07535 after a sharp rejection from the $0.09489 high. Sellers have taken control of the short-term structure, while price remains below all three major moving averages.
The recent -9% move shows that volatility is still elevated, so traders should watch the next reaction carefully.
๐ Key Zones To Watch
Resistance: $0.0795 โ $0.0820
Support: $0.0710 โ $0.0700
Major Support: $0.0625 โ $0.0558
If bulls fail to reclaim the $0.0795โ$0.0820 area, another move lower could develop. However, strong buying around support could trigger a relief bounce.
For now, the short-term structure remains bearish. Confirmation around these zones is more important than chasing the move.
Will #Labs recover from here or continue lower? ๐
$LAB
#Crypto #Binance