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While the retail herd is busy chasing yesterday’s news, $LAB is consolidating inside a textbook continuation pattern, waiting to liquidate the over-leveraged shorts.
$LABUSDT - LONG
Trade Plan:
Entry: 12.4850 - 12.5620
SL: 11.4895
TP1: 13.5500
TP2: 14.0860
TP3: 15.2245
Why this setup?
95% confidence on a 4h long setup based on the data in RSI 15m at 48.2415 (room to run). ATR 1h is 0.4285—tight squeeze priming for a breakout. Entry zone: 12.4850 - 12.5620. First target 13.5500.
Debate:
Is this the quiet before the breakout to new highs, or are we witnessing a sophisticated trap before a retest of the MA(99) support?
$LAB