Post
$LAB
Purchase Point (Entry)
Due to the price rising, chasing (fomo) at 6.14 is currently quite risky. You can consider two strategies:
• Buy when correcting (Pullback): The nearest support area is around 5.20 - 5.30 (confluence with MA5 line). If the price tests this area again and withdraws, this is a good entry point.
• Buy at the hard support area: Area 4.80 - 5.00 (where the MA10, MA20 and the old peak that has just crossed are concentrated). This is a safer area if the market has a deep adjustment rhythm.
Point of Sale (Take Profit - City)
• Target 1 (TP1): Around the 6.30 area (the highest peak in the past 24 hours).
• Target 2 (TP2): Psychological resistance area or old candlestick at 7.77. This is the highest price ever reached on this chart.
• Goal 3 (TP3): If surpassing 7.77, the next target may be the 8.00 area.
Stop Loss (Stop Loss - SL)
• To protect capital, you should set a stop loss when the price closes below the 4.70 area (below the MA30 line and short-term support levels).
Note: The cryptocurrency market is very volatile. You should split capital into order (DCA) and follow stop-loss discipline for the best risk management.

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