Short Trading Plan $LAB
$LAB rejected 0.0691 resistance, without managing to recover the 1H EMA21.
Entry: $0.0686-$0.0696
Stoploss: $0.0718
Targets: $0.0675 / $0.0650 / $0.0610
LAB rejected the 0.0691 swing high. The best traders are long at 2.07, but OI is flat. Retail is strongly long at 3.78, providing fuel for a liquidation. Price stays below the 1H EMA50, showing weakness. The BB squeeze is forming, ready for a downward expansion. If it recovers $0.0718, the short is invalidated.
Trade $LAB here 👇
$LAB rejected 0.0691 resistance, without managing to recover the 1H EMA21.
Entry: $0.0686-$0.0696
Stoploss: $0.0718
Targets: $0.0675 / $0.0650 / $0.0610
LAB rejected the 0.0691 swing high. The best traders are long at 2.07, but OI is flat. Retail is strongly long at 3.78, providing fuel for a liquidation. Price stays below the 1H EMA50, showing weakness. The BB squeeze is forming, ready for a downward expansion. If it recovers $0.0718, the short is invalidated.
Trade $LAB here 👇
