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The long position idea is valid, but don't chase the high. Wait for the entry zone to give a more stable opportunity. The targets are to be viewed in stages: 0.505 / 0.515 / 0.53.
Price reclaimed structure and is now pushing back into range with improving momentum.
EP
0.4850 – 0.4920
TP
TP1
0.5050
TP2
0.5150
TP3
0.5300
SL
0.4700
Liquidity below got taken near 0.4589 and price reacted strongly — signs of demand stepping in. Now it’s stabilizing above mid-range, not fading.
If higher lows continue to form, upside expansion remains likely. Any dip into the entry zone looks like positioning, not weakness.
Let’s go $LAB