LAB — Sellers hold the advantage as the 15m bearish retest aligns with weak taker demand, while near-average relative volume limits conviction and remains the primary risk.
LAB — SHORT NOW
Entry Zone: 0.05188 — 0.05222
• TP1: 0.05101
• TP2: 0.05036
• TP3: 0.04991
Stop Loss: 0.05312
The bearish retest is reinforced by -0.70% momentum and a 0.8930 taker buy/sell ratio, showing price weakness alongside softer buyer activity. However, relative volume at 0.99x indicates broadly average participation, while declining open interest weakens evidence of fresh sell-side positioning and tempers the downside thesis.
Disclaimer: This is not financial advice. Always do your own research and take full responsibility for your trading decisions and assets (DYOR).
Trade $LAB here:
LAB — SHORT NOW
Entry Zone: 0.05188 — 0.05222
• TP1: 0.05101
• TP2: 0.05036
• TP3: 0.04991
Stop Loss: 0.05312
The bearish retest is reinforced by -0.70% momentum and a 0.8930 taker buy/sell ratio, showing price weakness alongside softer buyer activity. However, relative volume at 0.99x indicates broadly average participation, while declining open interest weakens evidence of fresh sell-side positioning and tempers the downside thesis.
Disclaimer: This is not financial advice. Always do your own research and take full responsibility for your trading decisions and assets (DYOR).
Trade $LAB here:
