🔴 $LAB /USDT · Direction: SHORT
$LAB is below bearish exponential moving average (EMA) clusters across all timeframes, so sellers are expected to remain in control.
Entry: 0.0358027 – 0.0360973
First target: 0.0331640
Second target: 0.0313067
Third target: 0.0285207
Stop loss: 0.0396647
Reason: The daily trend shows that the price is below EMA50, which is itself below EMA200, meaning the overall market trend is strongly bearish.
Plan: Close 50% at the first target, 25% at the second target, and 25% at the third target. Move the stop loss to the entry point after reaching the first target.
Do you agree that sellers will remain in control here?
$LAB is below bearish exponential moving average (EMA) clusters across all timeframes, so sellers are expected to remain in control.
Entry: 0.0358027 – 0.0360973
First target: 0.0331640
Second target: 0.0313067
Third target: 0.0285207
Stop loss: 0.0396647
Reason: The daily trend shows that the price is below EMA50, which is itself below EMA200, meaning the overall market trend is strongly bearish.
Plan: Close 50% at the first target, 25% at the second target, and 25% at the third target. Move the stop loss to the entry point after reaching the first target.
Do you agree that sellers will remain in control here?
