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Most traders will fade $LAB /USDT at 16.21—and that's exactly why the breakout is real.
$LAB /USDT - LONG
Trade Plan:
Entry: 16.0213 – 16.4035
SL: 14.3777
TP1: 17.5884
TP2: 18.5058
TP3: 19.8818
Why this setup?
4h MTF shows a 95% confidence LONG with RSI 15m at 58.17—room to run before overbought. Daily trend is bullish, ATR 1h is 0.7644, so volatility is healthy. Entry zone 16.02–16.40 is the low-risk re-test of prior resistance turned support. TP1 at 17.59 is just 8.5% away; TP2 at 18.51 is the real target.
Debate:
Are you buying the dip at 16.02 or waiting for a clean break above 16.40?