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$LAB has now lost the $0.94–$0.95 support zone, a level that held the price for several hours.
That support has now flipped into strong resistance.
🔵 Current price: ~$0.865
🔴 Resistance: $0.94–$0.95
🟢 Support 1: $0.76–$0.78
🟢 Support 2: $0.64–$0.65 (if $0.76 fails)
The trend remains bearish as long as price stays below the previous support.
If buyers fail to reclaim $0.94, another leg down toward $0.76–$0.78 looks likely. Losing that zone could open the door for a move to $0.64–$0.65.
⚠️ In highly volatile tokens like #LAB, patience and proper risk management matter more than trying to catch every bounce.
Trade the trend, not your hopes.
BTC is still trading above the long-term uptrend line, and I believe the current price offers an attractive risk-reward opportunity.
My view remains unchanged:
After consolidation on the daily and weekly timeframes, continuation of the uptrend is possible.
I am not trying to predict the exact bottom.
If the price declines further while the overall structure is maintained, I will continue to add positions.
Dollar-cost averaging > lump sum.
Confirmation > prediction.
What's your plan? — Accumulate, wait, or stay on the sidelines? 👀
#Bitcoin #BTC #Crypto #Investment #TechnicalAnalysis