LAB/USDT 4H PRICE ACTION / CHART ANALYSIS:
Structure:
LAB/USDT remains in a broad ascending channel. Price printed a parabolic wick to $7.77, triggering significant distribution. Current price is $4.71440, retesting the channel’s lower boundary.
🔍 Key Levels:
Resistance:
Upper channel trend line near $5.80-$6.00. Major swing high at $7.77.
Support:
Lower channel trendline at $4.70 coincides with current price. First demand zone $3.10-$3.20. Major demand $1.40-$1.50.
Current Price: $4.71440, critical for trend integrity.
📈 Scenarios:
Bullish Case:
A 4H close holding above the $4.70 ascending trendline preserves the uptrend structure. Initial target is a retest of mid channel near $5.50, with channel high as secondary target. Confirmation needed via higher low formation.
Bearish Case:
A decisive 4H close below $4.70 confirms channel breakdown. This opens downside toward the $3.10-$3.20 demand zone. Loss of that zone targets $1.40-$1.50 for full retracement.
Note:
The $7.77 wick indicates prior liquidity grab and potential exhaustion. Current retest of trendline support will dictate next major move. Volume confirmation is essential on any break.
Channel support retests define trend continuation. Monitor closes.
#LABUSDT $LAB
Trade from here before DYOR 👇