🔽 SHORT
✳️ ENTRY : 0.6850 - 0.7050 - 0.7250
🎯 TARGETS: 0.67200, 0.66180, 0.64540, 0.6200, 0.5940, 0.54300, 0.4500
🀄️ LEVERAGE: 10x
🔴 STOPLOSS: 0.7400
$LAB is trading near range highs (~0.74 zone rejection) and struggling to break above
Multiple attempts to push higher → but no strong breakout follow-through
Price currently in distribution phase, forming equal highs with weak continuation
RSI already in overbought zone (80+) → limited upside unless breakout
MACD showing momentum, but flattening → exhaustion signs starting
Key rejection zone = 0.70 - 0.74
As long as price stays below → downside toward mid-range 0.55 → 0.45 becomes likely
Structure suggests range play, not trend breakout
This is not a fresh breakout…
This is liquidity grab before potential drop 🎯

LAB-2.71%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
9
10
Share

Comment

Add a comment

ForkingDrama

· 04-26 05:37

10x I'm a bit hesitant, I'd rather wait for a pullback near 0.705 to confirm before jumping in.

View OriginalReply0

L2Sidequester

· 04-24 17:21

The target position has been aggressively lowered to 0.45; if we really go for distribution plus sweeping liquidity, taking profits in batches would be more comfortable.

View OriginalReply0

EraPuzzleMaster

· 04-24 02:11

RSI 80+ is indeed a bit overbought, but this kind of coin might also continue to stagnate and rise for a while. Don't be too aggressive with your position.

View OriginalReply0

GateUser-276116e2

· 04-23 12:21

Do you value equal highs more or MACD flattening? If later there is an increase in volume breaking 0.74, would you directly switch to a long position?

View OriginalReply0

GateUser-0f33f9ef

· 04-23 12:18

0.74 is crushing, empty ideas are acceptable.

View OriginalReply0

TokenTinkerTao

· 04-23 12:10

Feels like a trap to lure more in; if it rises high without volume, it's likely to fall back into the consolidation zone.

View OriginalReply0

GateUser-2bbf8435

· 04-23 12:07

The entry range is quite detailed, and a stop loss at 0.74 is reasonable. The key is whether there is a false breakout again between 0.70 and 0.74.

View OriginalReply0

TvlDownBad

· 04-23 11:59

Agreeing is range play, not a trend breakout; you can go long or short within the range, but don't get caught in a fight, especially in the 0.72-0.74 zone which is easily washed back and forth.

View OriginalReply0

GateUser-423f10e3

· 04-23 11:58

Will these two levels, 0.672/0.662, experience a pullback first? I'm planning to take some profits there initially.

View OriginalReply0

Trending Topics
View More
#
WCTCTradingKingPK
346.32K Popularity
#
CryptoMarketsDipSlightly
251.02K Popularity
#
DailyPolymarketHotspot
687.85K Popularity
#
StrategyAccumulates2xMiningRate
139.46M Popularity
#
TapAndPayWithGateCard
19.61K Popularity

Sitemap

💰 $LAB – Range High Rejection, Short Setup Building 📉

Trending Topics

WCTCTradingKingPK

CryptoMarketsDipSlightly

DailyPolymarketHotspot

StrategyAccumulates2xMiningRate

TapAndPayWithGateCard

Pin