🔴 $LAB /USDT: Bears Still Have the Upper Hand?
What stands out to me about $LAB is the lack of bullish strength across the major timeframes. The price remains below key EMA levels, keeping the broader market structure tilted toward sellers.
📉 Trade Setup: SHORT
Entry Zone: 0.0358027 – 0.0360973
🎯 Take Profit Targets:
- TP1: 0.0331640 (-7.7%)
- TP2: 0.0313067 (-12.9%)
- TP3: 0.0285207 (-20.7%)
🛑 Stop Loss: 0.0396647 (+10.3%)
Market Outlook:
The daily EMA50 remains below the EMA200, while price trades beneath both indicators. This suggests the larger trend is still bearish, with sellers holding the technical advantage.
Risk Management: Consider taking 50% profit at TP1, 25% at TP2, and the remaining 25% at TP3. After TP1, consider moving the stop loss to breakeven.
I would avoid chasing a short entry without confirmation. A sustained move above the entry zone could change the setup.
Do you think $LAB will extend its downside, or are buyers preparing a surprise reversal?
#LAB #Binance #CryptoTrading
What stands out to me about $LAB is the lack of bullish strength across the major timeframes. The price remains below key EMA levels, keeping the broader market structure tilted toward sellers.
📉 Trade Setup: SHORT
Entry Zone: 0.0358027 – 0.0360973
🎯 Take Profit Targets:
- TP1: 0.0331640 (-7.7%)
- TP2: 0.0313067 (-12.9%)
- TP3: 0.0285207 (-20.7%)
🛑 Stop Loss: 0.0396647 (+10.3%)
Market Outlook:
The daily EMA50 remains below the EMA200, while price trades beneath both indicators. This suggests the larger trend is still bearish, with sellers holding the technical advantage.
Risk Management: Consider taking 50% profit at TP1, 25% at TP2, and the remaining 25% at TP3. After TP1, consider moving the stop loss to breakeven.
I would avoid chasing a short entry without confirmation. A sustained move above the entry zone could change the setup.
Do you think $LAB will extend its downside, or are buyers preparing a surprise reversal?
#LAB #Binance #CryptoTrading