$LAB : Liquidity Grab or Real Breakdown?
$LAB just dropped 4% in 15M on 2.7x volume, but this flush may be more about taking liquidity than triggering a true breakdown.
My 1H bias remains bullish. The sharp sell-off swept below the previous higher low at 0.08041, wicked into the 0.07865–0.07684 zone, and quickly reclaimed 0.08096. That behavior looks more like a stop-hunt/liquidity grab than clean distribution.
However, this is still a counter-trend bounce against bearish daily and weekly structures, so confirmation is essential.
Entry Zone: 0.08040–0.08110
I want to see a 1H bullish engulfing/pin bar reclaiming 0.08081, or a lower-timeframe market structure shift before entering.
Targets: TP1: 0.08529 TP2: 0.08632 TP3: 0.08808
Invalidation: 1H close below 0.08041. That would flip the 1H structure bearish and invalidate the long setup.
#LAB #CryptoTrading #Altcoins #Binance #Trading
$LAB just dropped 4% in 15M on 2.7x volume, but this flush may be more about taking liquidity than triggering a true breakdown.
My 1H bias remains bullish. The sharp sell-off swept below the previous higher low at 0.08041, wicked into the 0.07865–0.07684 zone, and quickly reclaimed 0.08096. That behavior looks more like a stop-hunt/liquidity grab than clean distribution.
However, this is still a counter-trend bounce against bearish daily and weekly structures, so confirmation is essential.
Entry Zone: 0.08040–0.08110
I want to see a 1H bullish engulfing/pin bar reclaiming 0.08081, or a lower-timeframe market structure shift before entering.
Targets: TP1: 0.08529 TP2: 0.08632 TP3: 0.08808
Invalidation: 1H close below 0.08041. That would flip the 1H structure bearish and invalidate the long setup.
#LAB #CryptoTrading #Altcoins #Binance #Trading