🎯 LONG SETUP – $LAB 🎯
Entry Zone: 0.15700- 0.14800
Stop Loss: 0.1400
Take Profit Targets:
∙ TP1: 0.1750
∙ TP2: 0.1950
∙ TP3: 0.2200
🔥 Bullish Justification
$LAB has just completed a strong accumulation phase at the range 0.074 - 0.11 and has successfully broken out of this zone. The current price is testing back the MA(7) at 0.1282 and MA(25) at 0.1101, forming a solid support zone. The price structure is forming a higher low after bouncing from the bottom 0.074, indicating that an uptrend is being established.
Volume is increasing again with MA(5) volume at 253M, significantly higher than the previous sideways phase. The price is above both MA(7) and MA(25), showing that bullish momentum is strengthening. The 7-day performance increased by 42.13% and the 30-day performance increased by 77.17%, indicating that the medium-term uptrend is very positive, while selling pressure, which accounts for only 59.52%, is gradually decreasing.
This setup has a high probability because the price is testing back the important support area 0.15 - 0.16 after the breakout, where there is strong accumulated liquidity. The next resistance zone is at 0.24 and 0.50 (previous ATH), creating significant profit space with an attractive R:R ratio. The liquidity pool at the range 0.11 - 0.13 is acting as strong support, protecting the next surge up to the range 0.20 - 0.22.
{future}(LABUSDT)