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$LAB /USDT 4-hour oversold signal—can this rebound reach TP2?
$LAB /USDT - Go LONG
Trading plan:
Entry: 0.6526 – 0.6906
SL: 0.4346
TP1: 0.8494
TP2: 0.9679
TP3: 1.1457
Why focus on this structure?
- RSI on the 15-minute chart is only 27.23, extremely oversold, with strong short-term rebound momentum.
- 4-hour direction is LONG, confidence is 77%, and the current price 0.6716 is close to the entry range.
- The 1D trend is ranging, but TP1 0.8494 is +26% from the current price, leaving good upside.
- Why now? Oversold + high confidence + low position; long risk-reward is 1:2.
Discussion:
Will this move first hit TP1 or directly lure longs into a drop? Would you place orders around 0.67?