📢 Brief Analysis of LAB/USDT: Beware of Sharp Correction!
The LAB/USDT chart has just shown a significant correction after a strong rally. A large red candle dominates, indicating a serious bearish pullback.
📉 Current Price: Around $0.1126
High Volatility: 24-hour volume reached 108 million, confirming the magnitude of selling pressure.
Correction Signal: The RSI was previously in the overbought territory, triggering massive profit taking. The MACD has also just reversed, indicating bearish momentum.
Position: LONG 🟢
Entry (Limit): 0.11010 - 0.01076
Targets
1. 🎯 0.11285
2. 🎯 0.11560
3. 🎯 0.11849
4. 🎯 0.12145
5. 🎯 0.12449 🙉
🚨 Stop Loss: 0.10735
⚠️ What to Watch Out For?
Focus on critical support levels around $0.108 and $0.104. If the price manages to hold and bounce from this area, the long-term bullish trend may still be intact. However, if support is breached, further declines towards $0.093 may occur.
Always do your own research (DYOR) and use strict risk management!
Risk Management: Enter gradually, using 2–3% of your portfolio.
#BinanceSquare #CryptoAnalysis #TradingSignals #PriceCorrection
