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A 4-hour oversold signal is showing up—$LAB /USDT is about to reverse?
LAB_USDT - Go LONG
Trading plan:
Entry: 0.60566 – 0.64308
SL: 0.39090
TP1: 0.79947
TP2: 0.91621
TP3: 1.09132
Why pay attention to this setup?
- The 15-minute RSI drops to 24.68—extremely oversold, with strong rebound demand.
- The current price is 0.62437, close to the 4-hour EMA support, and the 1-day trend is ranging—suitable for buying the dip.
- Target TP1: 0.79947, with a risk-reward ratio close to 3:1. The SL is set at 0.39090, keeping the risk under control.
Discussion:
Will this LONG reach TP1 first, or will it directly lure longs? Did you place your orders?