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