Volatility and divergence have arrived at the same time, and this rebound in $LAB looks a bit flimsy to me. The daily chart is still below the moving averages, the bearish alignment remains intact, and trading volume hasn’t picked up during the rebound. Think about it: how far can a rally on declining volume really go? When we trade, we look at market structure, not the emotion behind one or two bullish candles.
It’s outperforming Bitcoin in the short term, I’ll give it that. But strength doesn’t mean the trend can reverse. I’d rather wait for it to stall near the resistance zone—that’s where I see a better opportunity. I’m leaning bearish.
🔴 Trade direction: Short
📍 Entry range: 0.0358728 – 0.0360427
🛑 Stop loss: 0.0380349
🎯 Take profit 1: 0.0343999
🎯 Take profit 2: 0.0333612
🎯 Take profit 3: 0.0318034
There’s no need to chase the prevailing trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#LAB
Click below to trade 👇
It’s outperforming Bitcoin in the short term, I’ll give it that. But strength doesn’t mean the trend can reverse. I’d rather wait for it to stall near the resistance zone—that’s where I see a better opportunity. I’m leaning bearish.
🔴 Trade direction: Short
📍 Entry range: 0.0358728 – 0.0360427
🛑 Stop loss: 0.0380349
🎯 Take profit 1: 0.0343999
🎯 Take profit 2: 0.0333612
🎯 Take profit 3: 0.0318034
There’s no need to chase the prevailing trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#LAB
Click below to trade 👇