Trading Plan Short $LAB
$LAB just lost the $0.073 support after failing to reclaim the 1H EMA21.
Entry: $0.0724-$0.0744
Stoploss: $0.0778
Targets: $0.0695 / $0.0635 / $0.0575
LAB is looking weak after that nasty 24h dump. Retail is piled long at 3.59 L/S ratio, they're trapped on this move down. Sellers are aggressive, Taker Sell Volume high. The BB squeeze is building on 1h, which usually means a breakout, and with the tape this heavy, I think it's to the downside. Lose $0.0778 and this plan is invalid.
#BinanceSquareTalks
Trade $LAB here 👇
$LAB just lost the $0.073 support after failing to reclaim the 1H EMA21.
Entry: $0.0724-$0.0744
Stoploss: $0.0778
Targets: $0.0695 / $0.0635 / $0.0575
LAB is looking weak after that nasty 24h dump. Retail is piled long at 3.59 L/S ratio, they're trapped on this move down. Sellers are aggressive, Taker Sell Volume high. The BB squeeze is building on 1h, which usually means a breakout, and with the tape this heavy, I think it's to the downside. Lose $0.0778 and this plan is invalid.
#BinanceSquareTalks
Trade $LAB here 👇
