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$LAB The Bearish Curtain Opens! 🚨
The 15-minute chart just confirmed a reversal at 0.13554, and the trend-following line at 0.13713 has become a strong resistance. The price has fallen more than one ATR below this line, indicating clear selling pressure.
After the MACD death cross, momentum has plummeted, with a nearly 70% decline in the past 5 days! The bears are fully in control. The support zone below is dense, but currently, only the 0.14156 level acts as a weak resistance, and the downward channel is wide.
The current price of 0.13554 marks the start of a new downtrend. In the early stage of the trend, rebounds are opportunities to short. Set your stop-loss just above the trend line at 0.13713, but be alert for a break. High risk, high volatility—fasten your seatbelt! 💥