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Hxlaw
Hxlaw
$LAB LABUSDT price is currently trading at 4.9485 USD, up +8.54% in the last 24 hours. After a sharp drop to the 2.9054 area, the price has rebounded and is testing the resistance of MA20 (4.9662). Technical positive points: • Strong 4h green candle, breaking many short-term MA (MA5, MA10). • The price is above MA60 (4,7922) and quite far from MA120 (3,1709) → the medium-term trend is still positive. • Volume 24h reached 89.89 million LAB, showing that the participating cash flow is quite good. • The price is recovering from the important support area and retesting the 4.9k - 5.0k area. Recommendation: Should open a buy position around 4.85 - 4,95k. • Take-profit: 5.4 - 5.8k (near target) and 6.5k (far target). • Stop-loss: 4,55k (below MA60). LAB is giving a clear recovery signal after a deep adjustment. With the current upward momentum and supporting volume, the probability of continuing to increase in the short term is high. Investors can consider participating with a reasonable risk ratio.

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