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$LAB USDT (1h) - Trend Line Breakdown & Bearish Continuation
Bias: Short
Entry (Zone): 0.04850 – 0.05050
Targets:
TP1: 0.04650
TP2: 0.04500
TP3: 0.04300
Stop Loss: 0.05250
Why this Setup:
I’m leaning short due to a strong acceleration in selling pressure that has broken down the prior upward structure. After hitting a local high near 0.05600, the price printed consecutive bearish candles on high volume, slicing through intermediate support blocks. The asset is currently consolidating weakly near its local 24h lows at 0.04780. With overhead supply heavily locked in and minor bounces lacking follow-through volume, I expect a continuation lower to break the 0.04715 support level.
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