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LAB/USDT long position about to trigger, dare you go long at the bottom of the range?
$LAB /USDT - LONG
Trade Plan:
Entry: 5.4380 – 6.1084
SL: 1.5894
TP1: 8.9110
TP2: 11.0029
TP3: 14.1407
Why focus on this structure?
- 1D trend is a ranging zone, but the 4H bullish signal (confidence 77.4) suggests a bounce from the range bottom.
- Current price 5.77, close to entry reference 5.77, 15-minute RSI 48.24 neutral bullish, not overbought.
- Targets TP1 8.91 (+54%), TP2 11.00 (+90%), stop loss 1.59 extremely low, risk-reward ratio amazing.
- Why now? Range bottom + bullish signal + low RSI, bounce window is open.
Discussion:
Will this wave hit TP1 first then retrace, or directly trap longs and stop out? Are you bullish or bearish?