Uptrend momentum is fading rapidly after facing fierce resistance near the highs—setting up an ideal short-side retracement! 📉
$LAB / USDT – BEARISH SETUP
Execution & Targets:
Entry Zone: 0.07450 – 0.07580
Stop Loss (SL): 0.08250
Take Profit 1 (TP1): 0.07115
Take Profit 2 (TP2): 0.06850
Take Profit 3 (TP3): 0.06650
Technical Breakdown:
- Rejection at Peak: Price failed to sustain its break above $0.08195, resulting in heavy selling pressure and a long upper wick.
- Bearish MA Cross: 1H candles have dropped below both MA(7) [0.07568] and MA(25) [0.07649], shifting the short-term trend in favor of the bears.
- Volume Cool-Down: Buying volume has dried up significantly following the peak, opening a clear path toward the major MA(99) baseline support [0.07114].
Community Discussion:
Are you positioning yourself for this downward correction toward 0.071, or expecting bulls to defend current levels? Share your view! 👇#CaliforniaBillWouldBarOfficialMemeCoins #SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #FedSeptRateHikeOddsRiseTo57% #TrumpSaysUSReachedVenezuelaOilDeal $LAB
$LAB / USDT – BEARISH SETUP
Execution & Targets:
Entry Zone: 0.07450 – 0.07580
Stop Loss (SL): 0.08250
Take Profit 1 (TP1): 0.07115
Take Profit 2 (TP2): 0.06850
Take Profit 3 (TP3): 0.06650
Technical Breakdown:
- Rejection at Peak: Price failed to sustain its break above $0.08195, resulting in heavy selling pressure and a long upper wick.
- Bearish MA Cross: 1H candles have dropped below both MA(7) [0.07568] and MA(25) [0.07649], shifting the short-term trend in favor of the bears.
- Volume Cool-Down: Buying volume has dried up significantly following the peak, opening a clear path toward the major MA(99) baseline support [0.07114].
Community Discussion:
Are you positioning yourself for this downward correction toward 0.071, or expecting bulls to defend current levels? Share your view! 👇#CaliforniaBillWouldBarOfficialMemeCoins #SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #FedSeptRateHikeOddsRiseTo57% #TrumpSaysUSReachedVenezuelaOilDeal $LAB