The window matters more than confirmation. $LAB is what it looks like when the downside window has opened. Take a look at the daily chart: price is below the moving averages, and they’re still trending downward. The broader trend is clearly bearish. The four-hour rebound is losing momentum, volume isn’t keeping up, and each high is lower than the last. We need to respect this kind of price action.
On the one-hour chart, every bounce gets knocked back, and the overhead resistance is very real. After breaking a key level, price retested it but failed to reclaim it. I’m more inclined to see this as a continuation of the downtrend. Of course, we should guard against rebound risk, but overall I’m still bearish. Don’t rush to buy the dip.
🔴 Trade direction: Short
📍 Entry range: 0.0438260 – 0.0440046
🛑 Stop loss: 0.0459108
🎯 Take profit 1: 0.0424186
🎯 Take profit 2: 0.0414208
🎯 Take profit 3: 0.0399241
There’s no need to chase the prevailing trend; it will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#LAB
Tap below to trade 👇
On the one-hour chart, every bounce gets knocked back, and the overhead resistance is very real. After breaking a key level, price retested it but failed to reclaim it. I’m more inclined to see this as a continuation of the downtrend. Of course, we should guard against rebound risk, but overall I’m still bearish. Don’t rush to buy the dip.
🔴 Trade direction: Short
📍 Entry range: 0.0438260 – 0.0440046
🛑 Stop loss: 0.0459108
🎯 Take profit 1: 0.0424186
🎯 Take profit 2: 0.0414208
🎯 Take profit 3: 0.0399241
There’s no need to chase the prevailing trend; it will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#LAB
Tap below to trade 👇