LAB/USDT – Buying Setup (4H)
Entry:
Price is pushing upward from the discount area and has moved above the equilibrium level around 0.04635–0.04641. However, don't enter just because price has moved up.
Wait for a strong 4H candle close above the recent local high around 0.0500, followed by a successful retest (price returns to the broken level and holds above it). This would provide stronger confirmation for a buying opportunity.
Targets:
The next key resistance area is around 0.0550, followed by the resistance zone between 0.0600 and 0.0650 if bullish momentum continues.
Stop Loss:
Place the stop below the invalidation area around 0.0380–0.0390. A break below this support area would weaken the bullish setup.
Important Note:
Price has shown a strong upward move with increased volume, but it is approaching resistance near 0.0500. Avoid chasing the current candle or buying simply because price touches a level. Wait for the breakout and retest to hold.
Decent setup, but needs clearer confirmation.
#FOMCWatch #EarningsSeason #LABUSDT
Entry:
Price is pushing upward from the discount area and has moved above the equilibrium level around 0.04635–0.04641. However, don't enter just because price has moved up.
Wait for a strong 4H candle close above the recent local high around 0.0500, followed by a successful retest (price returns to the broken level and holds above it). This would provide stronger confirmation for a buying opportunity.
Targets:
The next key resistance area is around 0.0550, followed by the resistance zone between 0.0600 and 0.0650 if bullish momentum continues.
Stop Loss:
Place the stop below the invalidation area around 0.0380–0.0390. A break below this support area would weaken the bullish setup.
Important Note:
Price has shown a strong upward move with increased volume, but it is approaching resistance near 0.0500. Avoid chasing the current candle or buying simply because price touches a level. Wait for the breakout and retest to hold.
Decent setup, but needs clearer confirmation.
#FOMCWatch #EarningsSeason #LABUSDT
