$LAB 30-minute chart review:


From the waterfall decline from the high point of 4.1, a oversold correction has already been completed, bottoming out around 0.67, now back in the 1.5 range, and the chips have already settled.
MA5/10/30 moving averages are starting to turn from a bearish arrangement, and the price has broken above the short-term moving averages, with the rebound momentum gradually recovering.
The funding rate is now positive, indicating that bullish sentiment in the market is warming up, and the short-term selling pressure has basically been released.
I have placed a buy order around 1.5, first targeting 2.0, and if broken, looking towards the previous high. Stop loss is set below the previous low, aiming for small loss and big profit. This bullish trend must be followed.
LAB81.18%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin