$LAB STRUGGLING TO HOLD GAINS – SHORT BIAS INTENSIFYING 🔻
Entry: $8.652 - $8.760 🔥
Target: $8.20 🚀
Stop Loss: $9.20 ⚠️
Price action on the lower timeframes shows a clear rejection from the $8.76 zone, which also aligns with a prior order block. The momentum divergence on the hourly chart confirms weakening buying pressure. With stop loss placed above the recent swing high at $9.20, the risk-to-reward is favorable for a short squeeze play targeting the $8.20 liquidity pool first, then $7.80 and $7.30.
The structure is breaking down with lower highs forming. Volume is tapering off on the bounce, suggesting sellers are stepping in aggressively.
Are you anticipating a full breakdown or a retest of the entry zone?
Not financial advice. Always manage your risk.
#LAB #ShortSetup #Breakdown #TechnicalAnalysis #Crypto
🔻
Entry: $8.652 - $8.760 🔥
Target: $8.20 🚀
Stop Loss: $9.20 ⚠️
Price action on the lower timeframes shows a clear rejection from the $8.76 zone, which also aligns with a prior order block. The momentum divergence on the hourly chart confirms weakening buying pressure. With stop loss placed above the recent swing high at $9.20, the risk-to-reward is favorable for a short squeeze play targeting the $8.20 liquidity pool first, then $7.80 and $7.30.
The structure is breaking down with lower highs forming. Volume is tapering off on the bounce, suggesting sellers are stepping in aggressively.
Are you anticipating a full breakdown or a retest of the entry zone?
Not financial advice. Always manage your risk.
#LAB #ShortSetup #Breakdown #TechnicalAnalysis #Crypto
🔻