๐จ Is it a Continuous Collapse or a Historic Retracement Opportunity for the Coin
$LAB โ Full Analysis on the 4-Hour and 15-Minute Timeframes ๐
The price on the 15-minute chart is correcting with a sideways move above support levels after the last sharp drop. The indicators are calming down to accumulate liquidity and form a new upswing.
โกโก Entry between 1.404 and 1.379 โ as usual, split your entries.
๐ฏ๐ฏ๐ฏ Near and far targets, combining the two timeframes:
First target: 2.921 โ retest of the nearby MA(99) resistance
Second target: 3.308
Third target: 6.084
Fourth main target: 10.610 โ the previous correction high on the 4-hour timeframe
โ Stop loss: a 15-minute candle close below 1.012, breaking the support of the last historical bottom
๐ก๐ค Reminder:
This analysis is chart-based technical insight and not a forced investment advice. The decision is yoursโso be sure to manage risk and enter with what fits you ๐ Wishing everyone the best ๐ฅ๐
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