$LAB Signal】High fee rate pressure, waiting for a pullback to add positions


$LAB RSI 1H 62.99, 4H 66.09, MACD 4H bullish momentum still expanding but 1H momentum starting to contract. Funding rate skyrocketed to 0.1319%, clearly indicating a crowded long position. Buy and sell order depth imbalance -13.46%, sell orders slightly thicker. Price currently at 2.65, slightly above the suggested entry zone upper limit of 2.6368, short-term pullback needed.

🎯Direction: Long (Pending order)

⚡Entry/Pending order: 2.6368 (Limit order, waiting for price to pull back)

🛑Stop loss: 1.4352

🚀Target 1: 2.7836

🚀Target 2: 3.2331

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

Open interest remains stable, but high fee rate means high cost for longs. Once momentum slows, profit-taking may cause a rapid pullback. 2.6368, as the previous resistance zone, if it can pull back and stabilize, will improve risk-reward ratio. If the price directly breaks above the previous high of 2.8796, abandon this plan and wait for new structure confirmation. This pending order position either eats the pullback or misses out, no need to overthink.

Check real-time market 👇 $LAB
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