$LAB is still under heavy selling pressure, and the 4H chart shows why the bounce is not convincing yet. Price is around 0.04722, below MA7 at 0.05064, MA25 at 0.06406, and MA99 at 0.07055. The structure remains bearish after the sharp drop and the recent candles are struggling below the 0.04881 area. Volume also expanded heavily during the selloff, showing strong participation from sellers.
$LAB
📉 LABUSDT 4H SHORT SIGNAL
Entry: 0.04780–0.04900
TP1: 0.04550
TP2: 0.04110
TP3: 0.03550
SL: 0.05160
My take: I would not chase the short after a large move. The cleaner setup is a weak bounce into resistance followed by rejection. A 4H close above 0.05160 would weaken this bearish setup. Funding is still positive while open interest remains significant, so leveraged positioning can add volatility.
For me, 0.04110 is the key level to watch next. If sellers break it with volume, the previous 0.03500 low becomes the main downside liquidity zone. Would you wait for a rejection near resistance or trade the breakdown?
$LAB #USAugustPPIRisesLessThanExpected #LAB #AyeshaAbid
$LAB
📉 LABUSDT 4H SHORT SIGNAL
Entry: 0.04780–0.04900
TP1: 0.04550
TP2: 0.04110
TP3: 0.03550
SL: 0.05160
My take: I would not chase the short after a large move. The cleaner setup is a weak bounce into resistance followed by rejection. A 4H close above 0.05160 would weaken this bearish setup. Funding is still positive while open interest remains significant, so leveraged positioning can add volatility.
For me, 0.04110 is the key level to watch next. If sellers break it with volume, the previous 0.03500 low becomes the main downside liquidity zone. Would you wait for a rejection near resistance or trade the breakdown?
$LAB #USAugustPPIRisesLessThanExpected #LAB #AyeshaAbid