$LAB High odds and divergence are moving in sync, and the current market structure is signaling a bearish bias. Both the daily and four-hour charts are below their moving averages, leaving no doubt about the trend direction: this is a corrective bounce, not a reversal. Sellers are still taking the initiative on the latest hourly candle, and momentum readings are weak, indicating that selling pressure has not yet been fully absorbed.
The zone above is a cost range that bears can accept, and the closer price gets to it, the more worthwhile it is to take a shot. Structurally, I’m watching to see whether the previous high remains unreclaimed. If volume doesn’t expand enough to reverse the trend, a continued decline becomes more likely. Ask yourself: when all three trend timeframes are aligned to the downside, does it make sense to stubbornly catch the bounce?
🔴 Trade direction: Short
📍 Entry range: 0.0440301 – 0.0442252
🛑 Stop loss: 0.0458541
🎯 Take profit 1: 0.0428328
🎯 Take profit 2: 0.0419696
🎯 Take profit 3: 0.0406746
Behold the vastness of mountains and seas; observe the market’s smallest movements.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#LAB
Click below to trade 👇
The zone above is a cost range that bears can accept, and the closer price gets to it, the more worthwhile it is to take a shot. Structurally, I’m watching to see whether the previous high remains unreclaimed. If volume doesn’t expand enough to reverse the trend, a continued decline becomes more likely. Ask yourself: when all three trend timeframes are aligned to the downside, does it make sense to stubbornly catch the bounce?
🔴 Trade direction: Short
📍 Entry range: 0.0440301 – 0.0442252
🛑 Stop loss: 0.0458541
🎯 Take profit 1: 0.0428328
🎯 Take profit 2: 0.0419696
🎯 Take profit 3: 0.0406746
Behold the vastness of mountains and seas; observe the market’s smallest movements.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#LAB
Click below to trade 👇