【$LAB Signal】Waiting for a pullback to go long, funding rate is relatively high and needs caution

$LAB 1H RSI 72, funding rate 0.17%, buy volume ratio 0.54 but sell order depth -2.31%. After continuous volume increase on the 4H chart, a long upper shadow appears, and the 1H MACD histogram narrows, indicating weakening bullish momentum. The current price of 1.1097 has exceeded the suggested entry zone upper limit of 1.1042, with a poor risk-reward ratio. It’s not worthwhile to chase longs directly; wait for the price to return to the zone before considering entry.

🎯Direction: Watch (pending orders pullback)

⚡Entry/Pending Order: 1.1042 (suggested entry zone upper limit)

🛑Stop Loss: 0.7204

🚀Target 1: 1.1101

🚀Target 2: 1.1145

🛡️Trade Management: Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect principal. Note that pending orders may not trigger; if not triggered, abandon the trade.

Depth logic: Funding rate at 0.17% is high, long positions are costly, but open interest (OI) is stable, so short-term short squeeze continuation is possible. However, the 1H MACD signal line has flattened, and selling pressure is evident above, so only suitable for very light positions to gamble on ultra-short-term rebounds.

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