$LAB Signal | Funding rate high, be patient for a pullback to add longs

$LAB 1H Bollinger Band upper band 2.8885 resistance, 4H bullish trend not broken, but the funding rate at 0.1898% is a recent extreme, open interest stable. After the 1H MACD death cross, the histogram narrows, bullish momentum not yet exhausted. Market depth -27.22%, weak support at high levels. Current price 2.7476 is above the suggested entry zone upper limit 2.7339, directly chasing longs offers low cost-effectiveness, wait for a pullback within the zone for a more secure entry.
🎯Direction: Wait and see (Long position)
⚡Entry/Order: 2.73 - 2.73 (Limit order, suggest light long positions on pullback near 2.73)
🛑Stop loss: 1.5289
🚀Target 1: 3.0248
🚀Target 2: 3.5234
🛡️Trade management: - Execution strategy: After the order is filled, if the 1H close drops below 2.60, exit early. After reaching Target 1, reduce position by 50%, move stop loss to entry price. If the price quickly breaks above the previous high of 2.9759, add to the long position.
Funding rate at 0.1898% indicates extremely high holding costs for longs, if the price cannot continue upward, risk of a squeeze exists. Current risk-reward ratio is average, small position trading recommended.
View real-time market 👇 $LAB
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