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📊 Today’s Crypto Market: Beware of Volatility!
Bitcoin is still trading in a key area. If BTC can hold above the support level, the chances for altcoins to continue rising are still open. However, if support breaks, a short-term correction is likely to occur.
$LAB - LONG
Trade Plan:
Entry: 0.1535924 – 0.1546076
SL: 0.1399373
TP1: 0.1647220
TP2: 0.1718034
TP3: 0.1824254
Why this setup?
85% confidence on this LONG with a 4h timeframe. RSI at 65 on 15m shows momentum building, not exhaustion. The 1D trend is range-bound, meaning this breakout from 0.1541 targets TP1 at 0.1647 and TP2 at 0.1718—a 11.5% move with a tight 9% stop loss. Why now? The ATR is low (0.0039), suggesting a volatility squeeze about to pop.
Debate:
Are you loading up before the squeeze or waiting for a retest of support?
#SummerCreationCamp