【$LAB Signal】Pullback to go long / Channel continuation

$LAB After a sharp rise on the 1H timeframe, a pullback occurs, with the 4H Bollinger Bands opening upward, and the price above the upper band. Buy order depth is 16% better than sell order depth, indicating clear capital support intent. MACD on both cycles shows bullish divergence, but the 1H RSI at 67.6 indicates short-term overbought conditions, making chasing higher riskier.

🎯Direction: Pullback to buy

⚡Entry/Order placement: Within the 0.3997 - 0.5087 range, wait for the price to pull back near 0.475, and enter when a 1H candlestick shows a sign of stopping the decline.

🛑Stop loss: 0.3256

🚀Target 1: 0.5480

🚀Target 2: 0.6221

🛡️Trade management: - Execute strategy: After the price reaches 0.5480, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.5087 and weakens, exit early.

Order clusters around 0.5105 form immediate support. The 4-hour position volume remains stable, with no signs of large-scale profit-taking, and the upward structure remains intact. Considering the positive funding rate, market sentiment is bullish but not extreme; a pullback is an opportunity. The risk-reward ratio is acceptable, with patience key to entry timing.

Check real-time market 👇 $LAB
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