Selling pressure on $LAB hasn't eased yet, and the current structure still favors the bears. Rather than chasing the move lower, I'm watching for a relief bounce into resistance before considering a position.


$LAB Short Setup (10x Futures)
Entry: $9.40 – $9.60
Take Profit:
• TP1: $8.00
• TP2: $7.00
• TP3: $6.35
• TP4: $5.53
Stop Loss: $12.43
The recent rejection from resistance shifted momentum back to the downside. The chart continues to print lower highs while sellers defend every recovery attempt, suggesting the trend remains intact unless key resistance is reclaimed.
Patience is part of the strategy. A confirmed bearish rejection inside the entry zone offers a stronger setup than entering impulsively after a sharp drop.
Risk Management: Keep position size under control, wait for confirmation before executing the trade, and respect the stop-loss without hesitation if the market invalidates the setup.
$LAB #LABUSDT #Crypto #FuturesTrading #GateStocksTransferLive
LAB-34.44%
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
  • Pinned