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【$LAB Signal】Pullback to buy, confirm on the right side
$LAB 1H timeframe shows a volume contraction pullback to EMA20, price is consolidating around 0.206. The 4-hour MACD histogram continues to expand, indicating bullish momentum remains strong. The 1-hour RSI has fallen back from high levels to 61, with buy orders accumulating around 0.2057, and selling pressure is being quickly absorbed.
🎯Direction: Long
⚡Entry: Enter immediately at the current price around 0.2063, or place a pending order at 0.1993.
🛑Stop Loss: Below 0.1968
🚀Target 1: 0.2093
🚀Target 2: 0.2143
🛡️Trade Management:
- Execution Strategy: Half position at Target 1, remaining position’s stop loss moved up to the entry price. If the price cannot hold above 0.209, exit all positions.
Position size remains stable, with no large-scale fund outflows during the pullback. The 1-hour Bollinger middle band is tilted upward, and the price remains in the upper half. The current risk-reward ratio is close to 4:1, making this a good opportunity to bet on trend continuation with limited risk. There are dense pending orders below, indicating strong support from funds.
View real-time market 👇 $LAB
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