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Many of you are asking whether $LAB has finally found a bottom.
Here's what I'm watching for the short term.
Price is still trading below the key moving averages, so the overall market structure remains bearish. However, a short-term relief rally is possible if buyers step in.
📈 Bullish Scenario - Watch the 0.1600-0.1630 zone closely. If price reclaims and holds above this level, while RSI 7 crosses above RSI 21(both 1hr and 4hr), we could see the first expansion towards 0.1700-0.1838
If buying pressure continues, the next targets become 0.2000-0.2300
In a strong momentum-driven move, an aggressive extension toward 0.3000 can't be ruled out.
⚠️ But don't rush in. The higher-timeframe trend is still bearish, meaning fake breakouts are very possible.
• Add it to your watchlist.
• Wait for a confirmed breakout above 0.1630.
• Confirm it with RSI 7 crossing RSI 21 before considering an entry.
Patience is often the best trade 👀