Breakouts and reversals often happen at the same time, and $LAB is now showing exactly the kind of market action that leaves you torn. The daily chart is still in a downtrend, but on the 1-hour chart, the price has climbed above the moving averages. Short-term buying pressure is clearly pushing it higher, and momentum is leaning bullish. When we take a countertrend trade like this, we need to stay grounded—it’s not a trend-following trade, so there’s little room for error. Keep your position small and your stop-loss tight.
I’ll only enter within the range. If the price breaks below key support, I’ll exit decisively rather than fight the market. Whether the short-term bullish momentum can continue is what will determine if this trade works.
🟢 Trade direction: Long
📍 Entry range: 0.0467361 – 0.0470049
🛑 Stop-loss: 0.0436998
🎯 Take-profit 1: 0.0492485
🎯 Take-profit 2: 0.0508338
🎯 Take-profit 3: 0.0532117
No need to chase the prevailing winds; they’ll come to rest in their own time.
Stand alongside Sister Li, and let every moment resonate.
#LAB
Tap below to trade 👇
I’ll only enter within the range. If the price breaks below key support, I’ll exit decisively rather than fight the market. Whether the short-term bullish momentum can continue is what will determine if this trade works.
🟢 Trade direction: Long
📍 Entry range: 0.0467361 – 0.0470049
🛑 Stop-loss: 0.0436998
🎯 Take-profit 1: 0.0492485
🎯 Take-profit 2: 0.0508338
🎯 Take-profit 3: 0.0532117
No need to chase the prevailing winds; they’ll come to rest in their own time.
Stand alongside Sister Li, and let every moment resonate.
#LAB
Tap below to trade 👇