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LAB bulls positioning, brewing a breakout on the 4-hour timeframe?
$LAB /USDT - LONG
Trade Plan:
Entry: 1.10417 – 1.30655
SL: 0.00000
TP1: 2.15252
TP2: 2.78396
TP3: 3.73111
Why focus on this structure?
- Current 1-hour EMA support at 1.20536, RSI (15-min) at 47.19, neutral to slightly bullish
- 4-hour direction clearly LONG, daily oscillating and accumulating, high probability of breaking out of the range
- Why now? A dip-buying opportunity has emerged. TP1 target 2.15252, TP2 2.78396, attractive risk-reward ratio
Discussion:
Will this wave hit TP2 first, or will it first retrace to trap bears?