$LAB : Opening a solid LONG on bounce from critical support.
The price is testing the critical support level of 0.06345, which aligns with the MA99 on the 1h chart at 0.06159. With the RSI(6) on the 15m chart at 30.78 showing signs of exhaustion, a mean-reversion scalp to the resistance zone at 0.06850 offers a favorable risk-reward setup.
Entry: 0.0645 – 0.06610
Stop Loss: 0.06256
TP1: 0.0685
TP2: 0.0712
Click here to trade 👇
The price is testing the critical support level of 0.06345, which aligns with the MA99 on the 1h chart at 0.06159. With the RSI(6) on the 15m chart at 30.78 showing signs of exhaustion, a mean-reversion scalp to the resistance zone at 0.06850 offers a favorable risk-reward setup.
Entry: 0.0645 – 0.06610
Stop Loss: 0.06256
TP1: 0.0685
TP2: 0.0712
Click here to trade 👇