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【$LAB Signal】Bulls step up again; the pullback and confirmation are complete
$LAB After the 1H pullback to the EMA20, buy orders re-accumulate, and the price reclaims above 0.53. The 4H rising channel remains intact; open position remains steady, with no sign of a large-scale bull exit.
🎯 Direction: Long
⚡ Entry: Go in directly around 0.529 at the current price, or place staggered orders in the 0.52669 - 0.53199 range.
🛑 Stop-loss: 0.52246. If price breaks below this level, it indicates the pullback failed, and bullish momentum is running out.
🚀 Target 1: 0.55104, approaching the previous high resistance zone.
🚀 Target 2: 0.56057, the extension target after breaking the previous high.
🛡️ Trade management:
- Execution strategy: After the price reaches 0.55104, cut half of the position, and move the remaining stop-loss up to the entry price. If the price falls back below 0.526, exit immediately—this trade will no longer be held.
In the order book, some sell orders are stacked above 0.5301, but buy orders below 0.53 are extremely dense. The intention to defend the market is clearly visible. Although the 1-hour MACD has the fast and slow lines sticking together, it has not formed a death cross; the histogram is only slightly turning negative, which falls under strong consolidation. The risk-reward ratio is close to 2, so it’s worth a try.
Check the live market 👇 $LAB
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