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$LAB - Short
Trading Plan:🛑🛑🛑💯💯💯
Entry: 17.365296 – 17.686826
Stop Loss: 20.535588
Target 1: 15.268916
Target 2: 13.764152
Target 3: 11.50700
#USDollarUpOnInflationFedHawk #USIranTensionsTriggerCryptoLiquidations #lap #CFTCAbolishesNoDenySettlementPolicy #Binance
Trading Plan:🛑🛑🛑💯💯💯
Entry: 17.365296 – 17.686826
Stop Loss: 20.535588
Target 1: 15.268916
Target 2: 13.764152
Target 3: 11.50700
#USDollarUpOnInflationFedHawk #USIranTensionsTriggerCryptoLiquidations #lap #CFTCAbolishesNoDenySettlementPolicy #Binance
$LAB
Since the momentum is super strong but the indicators (RSI and Bollinger Bands) are showing overbought conditions, the expected movement splits into two scenarios:
First scenario (most likely to happen): a cooldown followed by continued upward movement.
We might see a slight pullback or sideways action (temporary profit-taking) to cool down the inflated indicators.
Nearby support zones: If the price dips, the $9.00 to $9.15 range is considered the first support zone, followed by the mid-Bollinger Band (MB) at $7.81 (strong support in the longer term).
After this cooldown, the price is expected to target breaking the previous peak at $9.64 and heading towards the $10.00 level as a strong psychological barrier.
#lap
Since the momentum is super strong but the indicators (RSI and Bollinger Bands) are showing overbought conditions, the expected movement splits into two scenarios:
First scenario (most likely to happen): a cooldown followed by continued upward movement.
We might see a slight pullback or sideways action (temporary profit-taking) to cool down the inflated indicators.
Nearby support zones: If the price dips, the $9.00 to $9.15 range is considered the first support zone, followed by the mid-Bollinger Band (MB) at $7.81 (strong support in the longer term).
After this cooldown, the price is expected to target breaking the previous peak at $9.64 and heading towards the $10.00 level as a strong psychological barrier.
#lap
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