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LAB 15-minute RSI dropped to 31. Last time this happened, it immediately surged 20%.
$LAB /USDT — LONG
Trading plan:
Entry: 0.98741 – 1.05845
SL: 0.57959
TP1: 1.35544
TP2: 1.57711
TP3: 1.90962
Why focus on this structure?
• 15-minute RSI 31.47 has entered the oversold zone; historically, similar levels often trigger a rebound
• 4-hour EMA bullish alignment; the daily is ranging, but the larger direction remains biased LONG
• Current price is near the entry reference 1.02293; the risk-reward ratio is over 3:1
Discussion:
Will this move first hit TP1 at 1.355, or continue to sweep down to 0.987?