Is it Time for a Rebound? 📈🔥$LAB 🔥
Following the recent correction wave that hit $LAB, we are spotting strong technical signals on the 4-hour chart that are highly worth watching:
Crucial Support: The price stabilizing above the EMA(99) at the $3.80 levels provides a solid ray of hope for buyers.
Whale Liquidity: A massive buying volume candle appeared near the bottom, confirming strong demand to prevent further downside.
RSI Indicator: Currently hovering in neutral territory (45), giving the price plenty of room to rally once the upcoming resistance is broken.
🎯 Proposed Trading Plan:
Current Entry: $4.50 - $4.64
Targets: $4.85 ➔ $5.20 ➔ $5.75
Stop Loss (4H Close): Below $3.90
Do you think $LAB will bounce back to test its previous peak soon? Share your thoughts in the comments below! 👇
