$LAB - SHORT
Entry : 0.0486280 – 0.0491320
SL : 0.0560185
TP1 : 0.0435261
TP2 : 0.0399568
TP3 : 0.0346029
Why this setup?
The daily trend is bearish, meaning the path of least resistance is oriented downwards, and the 1h RSI at 39.77 is not yet oversold: the momentum is therefore not yet exhausted over this period. The 1h ATR of 0.001981 sets the current volatility pace, which makes the entry zone between 0.0486280 and 0.0491320 a logical short area where sellers are likely to regain control. From there, the first target is 0.0435261 and the second is 0.0399568, both consistent with a measured move in opposition to the structure of the higher timeframe. The level to watch is at 0.0631510, and if the price on the 1h chart reclaims this level, the entire bearish thesis is invalidated.
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$LAB
Entry : 0.0486280 – 0.0491320
SL : 0.0560185
TP1 : 0.0435261
TP2 : 0.0399568
TP3 : 0.0346029
Why this setup?
The daily trend is bearish, meaning the path of least resistance is oriented downwards, and the 1h RSI at 39.77 is not yet oversold: the momentum is therefore not yet exhausted over this period. The 1h ATR of 0.001981 sets the current volatility pace, which makes the entry zone between 0.0486280 and 0.0491320 a logical short area where sellers are likely to regain control. From there, the first target is 0.0435261 and the second is 0.0399568, both consistent with a measured move in opposition to the structure of the higher timeframe. The level to watch is at 0.0631510, and if the price on the 1h chart reclaims this level, the entire bearish thesis is invalidated.
Click here to trade 👇🏼
$LAB
