The structure of the LAB strategy I shared earlier has played out, and we’ve secured solid profits this round. The opportunity window won’t wait. On the 4-hour chart for $BR , price is being held down by two moving averages, and the bearish alignment remains intact. Given this structure, I favor trading with the prevailing swing trend. A rebound to the upper edge of the previous consolidation zone would be an entry point for a short position. The moving averages are spreading downward, and volume isn’t showing enough conviction for a reversal.
The key round-number levels below are bearish targets. Let’s look to the first target; once reached, close half the position and move the stop to breakeven. A rebound is possible, but as long as price doesn’t close above the moving-average band, the structure remains bearish.
🔴 Direction: Short
📍 Entry zone: 0.4229658 – 0.4247210
🛑 Stop loss: 0.4403274
🎯 Take profit 1: 0.4114804
🎯 Take profit 2: 0.4032385
🎯 Take profit 3: 0.3908755
Gaze upon the vast mountains and seas; observe the market’s finer details.
Join Uncle Xiong and witness the gains and losses of the world.
#BR
Click below to trade 👇
The key round-number levels below are bearish targets. Let’s look to the first target; once reached, close half the position and move the stop to breakeven. A rebound is possible, but as long as price doesn’t close above the moving-average band, the structure remains bearish.
🔴 Direction: Short
📍 Entry zone: 0.4229658 – 0.4247210
🛑 Stop loss: 0.4403274
🎯 Take profit 1: 0.4114804
🎯 Take profit 2: 0.4032385
🎯 Take profit 3: 0.3908755
Gaze upon the vast mountains and seas; observe the market’s finer details.
Join Uncle Xiong and witness the gains and losses of the world.
#BR
Click below to trade 👇