The SNDK strategy I shared earlier already took profit in the previous round. The breakout and confirmation are aligned, and the market structure for $LAB is signaling a move lower. The daily, four-hour, and one-hour charts are all below the middle band, and the moving averages remain bearishly aligned—this kind of confluence is uncommon. The four-hour RSI is in the weak zone, and each bounce is weaker than the last, showing that buyers can’t hold their ground.
The dense trading zone above is natural resistance, and a rebound into that area is more likely to be pushed back down by selling pressure. I’m looking for the trend to continue, not trying to catch a bounce. As long as key levels hold, the bearish thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 0.0438531 – 0.0439833
🛑 Stop loss: 0.0453802
🎯 Take profit 1: 0.0428218
🎯 Take profit 2: 0.0420908
🎯 Take profit 3: 0.0409943
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#LAB
Click below to trade 👇
The dense trading zone above is natural resistance, and a rebound into that area is more likely to be pushed back down by selling pressure. I’m looking for the trend to continue, not trying to catch a bounce. As long as key levels hold, the bearish thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 0.0438531 – 0.0439833
🛑 Stop loss: 0.0453802
🎯 Take profit 1: 0.0428218
🎯 Take profit 2: 0.0420908
🎯 Take profit 3: 0.0409943
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#LAB
Click below to trade 👇