LABUSDT 4H — Sellers Still In Control 🔻
LAB just lost a major support zone, and the 4H chart is showing clear bearish pressure.
$LAB is trading around 0.05292, down nearly 23%, after a sharp breakdown from the 0.067–0.068 area. Price is now below MA7 0.06205, MA25 0.06094 and MA99 0.06892, keeping the trend firmly bearish. The sell-off also came with heavy volume, showing strong participation from sellers. Current market data also places LAB near the 0.053 area with a large 24H decline.
$LAB
🎯 TP1: 0.05195
🎯 TP2: 0.05060
🎯 TP3: 0.04880
🛑 SL: 0.05640
The 0.05194 low is the immediate liquidity zone. If sellers break and hold below it, another leg lower becomes possible. But if price reclaims 0.05640, I would avoid the short because that could signal a relief bounce.
My take: I would not chase the dump blindly. I prefer waiting for a small retest and rejection around 0.0535–0.0550 before considering a short.
Would you wait for the retest, or take the breakdown directly?
#AnthropicCEOCallsForAISlowdown
#BitcoinThirdSingleBlockReorgInFourWeeks #LAB $LAB
LAB just lost a major support zone, and the 4H chart is showing clear bearish pressure.
$LAB is trading around 0.05292, down nearly 23%, after a sharp breakdown from the 0.067–0.068 area. Price is now below MA7 0.06205, MA25 0.06094 and MA99 0.06892, keeping the trend firmly bearish. The sell-off also came with heavy volume, showing strong participation from sellers. Current market data also places LAB near the 0.053 area with a large 24H decline.
$LAB
🎯 TP1: 0.05195
🎯 TP2: 0.05060
🎯 TP3: 0.04880
🛑 SL: 0.05640
The 0.05194 low is the immediate liquidity zone. If sellers break and hold below it, another leg lower becomes possible. But if price reclaims 0.05640, I would avoid the short because that could signal a relief bounce.
My take: I would not chase the dump blindly. I prefer waiting for a small retest and rejection around 0.0535–0.0550 before considering a short.
Would you wait for the retest, or take the breakdown directly?
#AnthropicCEOCallsForAISlowdown
#BitcoinThirdSingleBlockReorgInFourWeeks #LAB $LAB
