$LAB IS DEFENDING CRITICAL SUPPORT AT 0.24 โ RELIEF BOUNCE IN PLAY ๐ฅ
Entry: 0.260-0.265 ๐ฅ
Target: 0.290, 0.320, 0.350 ๐
Stop Loss: 0.240 โ ๏ธ
Price is reacting from a key demand zone near 0.24, and the 1H structure shows buyers stepping in to defend that level. Volatility remains elevated, which is why this is a smaller position. The volume profile on the 4H indicates accumulation at these lows, and if 0.24 holds on a closing basis, the path to 0.290 and beyond becomes high-probability.
The R:R on the first target alone is roughly 1:2. Are you fading the breakdown or waiting for a clean reclaim of 0.27?
Not financial advice. Always manage your risk.
#LAB #LongSetup #SupportBounce #Crypto #SmallPosition ๐ฅ