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LAB/USDT Long setup in progress, but RSI suggests washout not over?
$LAB /USDT - LONG
Trading plan:
Entry: 1.03356 – 1.29362
SL: 0.00000
TP1: 2.38066
TP2: 3.19203
TP3: 4.40910
Why focus on this structure?
- 4-hour bullish signal (77% confidence), but 15-minute RSI at 42.4, short-term weak.
- Current price 1.16359 near EMA support; if it holds, can bounce to TP1 (2.38) or even TP2 (3.19).
- Why now? Within the 1-day range, LONG risk-reward ratio exceeds 2x, with clear SL (0.00 or 2.41).
Discussion:
Will this wave go directly to TP2 after RSI repair, or first retrace to 1.03 before launch?