๐
$LAB : A TECHNICAL TEST IN SEARCH OF RECOVERY ๐๐ฅ
The
$LAB came from an extremely aggressive drop ๐๐ฅ. After trading above US$ 27, the token suffered a retracement of over 99%, reaching the current regions close to cents. ๐ณ
Even with this volatility, Iโm watching for a possible reaction ๐๐. The main point for me will be the volume ๐: if the recovery continues alongside a consistent increase in volume, the move gains much more strength and credibility. ๐ช๐ฅ
On the chart, I still want a few important confirmations ๐ง ๐: RSI above 50 points, MACD tracking the recovery, and, most importantly, volume rising during the rally ๐๐.
If volume really accelerates as the price moves up, that will be a sign Iโll like quite a lot. ๐๐
My personal outlook is ambitious ๐ฏ: US$ 10 is the target Iโm imagining for this move, but itโs still an extremely uncertain possibility. The first level I consider far more important to watch would be US$ 1 USDT ๐ต๐.
Until then, a lot can happen. โ ๏ธ
๐งช For now, I see this more as a test and a personal analysis rather than a sure thing.
๐จ This is not investment advice. Iโm only sharing a personal trade/idea and following what happens with the
$LAB . ๐๐๐ฅ
#Labs #altcoins