The BTC strategy setup shared earlier has played out, and this round’s profits are already locked in. With the evidence now clear, the market structure for $LAB is making the message plain: on the daily chart, price remains persistently capped by the medium-term moving average, and each rebound high is lower than the last. This downward shift in the center of gravity is no coincidence.
Looking at volume, trading activity did not increase alongside the rebound, suggesting limited willingness from buyers to step in. It looks more like the bears are controlling the pace. The moving-average band overhead forms a clear resistance zone; price has tested it repeatedly but failed to break above it. This is precisely the kind of area where bears are willing to build positions.
As long as the structure remains intact, I lean toward following the daily trend. The rebound levels are instead a window to watch whether bearish momentum continues. Of course, if price reclaims the key moving average on strong volume, the outlook will need to be reassessed. I’ll be watching closely.
🔴 Trade direction: Short
📍 Entry range: 0.0453681 – 0.0455603
🛑 Stop loss: 0.0475205
🎯 Take profit 1: 0.0439220
🎯 Take profit 2: 0.0428939
🎯 Take profit 3: 0.0413517
Gaze upon the vast mountains and seas; observe the market’s smallest details.
Trade alongside Uncle Xiong and witness the world’s gains and losses.
#LAB
Click below to trade 👇
Looking at volume, trading activity did not increase alongside the rebound, suggesting limited willingness from buyers to step in. It looks more like the bears are controlling the pace. The moving-average band overhead forms a clear resistance zone; price has tested it repeatedly but failed to break above it. This is precisely the kind of area where bears are willing to build positions.
As long as the structure remains intact, I lean toward following the daily trend. The rebound levels are instead a window to watch whether bearish momentum continues. Of course, if price reclaims the key moving average on strong volume, the outlook will need to be reassessed. I’ll be watching closely.
🔴 Trade direction: Short
📍 Entry range: 0.0453681 – 0.0455603
🛑 Stop loss: 0.0475205
🎯 Take profit 1: 0.0439220
🎯 Take profit 2: 0.0428939
🎯 Take profit 3: 0.0413517
Gaze upon the vast mountains and seas; observe the market’s smallest details.
Trade alongside Uncle Xiong and witness the world’s gains and losses.
#LAB
Click below to trade 👇