$LAB /USDT on the 4-hour timeframe, RSI 32 — is this a dip-buying signal or a trap?



$LAB /USDT - LONG

Trade plan:
Entry: 0.88009 – 0.93601
SL: 0.55907
TP1: 1.16979
TP2: 1.34428
TP3: 1.60601

Why focus on this structure?
The current price is near 0.90805. The 15-minute RSI has fallen to 32.22, close to the oversold zone. The 4-hour EMA support is still holding, and the confidence in the LONG direction is 77.4%. Why now? Oversold rebounds usually happen when RSI is below 35, and the ATR shows volatility is moderate, making it suitable for short-term trading. The first target TP1 is 1.16979, with a stop-loss at 0.55907, for a reward-to-risk ratio of about 2.3:1.

Discussion:
Will this move first reach TP1, or will it keep bleeding down to below 0.88?
LAB-23.33%
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