Checking first Retail capitulates, but $LAB support is holding strong. 🐂
This is a LONG setup on the 4H chart. We're testing the 0.051 demand zone after a brutal drop from 0.0717. Volume is fading, meaning sellers are exhausted, so I'm anticipating a relief bounce from this floor.
Entry: 0.0505 - 0.0525
TP1: 0.0640
TP2: 0.0746
Stop Loss: 0.0478
I won't catch this falling knife until a 4H candle closes above 0.0530. If 0.051 gives way, I'm flat.
Are you buying this dip or waiting for a reclaim? Follow for elite setups.
Trade here 👇🏻
This is a LONG setup on the 4H chart. We're testing the 0.051 demand zone after a brutal drop from 0.0717. Volume is fading, meaning sellers are exhausted, so I'm anticipating a relief bounce from this floor.
Entry: 0.0505 - 0.0525
TP1: 0.0640
TP2: 0.0746
Stop Loss: 0.0478
I won't catch this falling knife until a 4H candle closes above 0.0530. If 0.051 gives way, I'm flat.
Are you buying this dip or waiting for a reclaim? Follow for elite setups.
Trade here 👇🏻
