$LAB
let's quickly take a short setup look 👇
*Your Plan:*
- *Entry*: $15 - $14.5 zone
- *SL*: $16.3
- *TPs*: $13 → $12 → $10
*Risk/Reward check:*
Take average entry of $14.75 and to SL $16.3 = $1.55 risk
TP1 $13 = $1.75 reward → 1:1.13 R/R
TP3 $10 = $4.75 reward → 1:3.06 R/R
The setup looks good if there’s a strong rejection above $16.3. If it closes above $16.3, then the short is invalid, because buyers could come back from there.
*Before taking the short, check these 3 things:*
1. *Volume*: Is the selling volume high at the $15 zone? In a dry dump, shorts get trapped
2. *BTC trend*: If BTC is pumping, then shorting alts is risky. Alts get pulled along with BTC
3. *Funding rate*: If LAB’s funding is positive, shorts receive funding; if it’s negative, shorts pay funding
$15-$14.5 is also a psychological resistance. If it has rejected from there 2-3 times, then the probability of a short increases.
This isn’t financial advice bro. If you’re using leverage, keep your position size small. Once $16.3 breaks, hit the SL immediately—don’t hope trade.
Want to see LAB’s chart? Should I make a clean infographic of the entry zone with SL/TP levels marked?#DowHitsRecordClose
let's quickly take a short setup look 👇
*Your Plan:*
- *Entry*: $15 - $14.5 zone
- *SL*: $16.3
- *TPs*: $13 → $12 → $10
*Risk/Reward check:*
Take average entry of $14.75 and to SL $16.3 = $1.55 risk
TP1 $13 = $1.75 reward → 1:1.13 R/R
TP3 $10 = $4.75 reward → 1:3.06 R/R
The setup looks good if there’s a strong rejection above $16.3. If it closes above $16.3, then the short is invalid, because buyers could come back from there.
*Before taking the short, check these 3 things:*
1. *Volume*: Is the selling volume high at the $15 zone? In a dry dump, shorts get trapped
2. *BTC trend*: If BTC is pumping, then shorting alts is risky. Alts get pulled along with BTC
3. *Funding rate*: If LAB’s funding is positive, shorts receive funding; if it’s negative, shorts pay funding
$15-$14.5 is also a psychological resistance. If it has rejected from there 2-3 times, then the probability of a short increases.
This isn’t financial advice bro. If you’re using leverage, keep your position size small. Once $16.3 breaks, hit the SL immediately—don’t hope trade.
Want to see LAB’s chart? Should I make a clean infographic of the entry zone with SL/TP levels marked?#DowHitsRecordClose