Analysis $LAB
Hourly Frame
The currency is still in a clear upward trend (higher highs and higher lows).
After a strong upward wave, a natural correction occurred, and the price returned to an important support area. Strong support area: 0.184 – 0.189
(SSL + MMS)
The price is holding onto it and trying to build a higher low.
Upcoming resistances:
0.219
0.245
0.257 – 0.260
🧠 Technical Reading:
The overall market structure is still bullish.
The correction is healthy within the trend.
RSI is near 50 ⇒ neither overbought nor oversold.
Staying above the current area gives an advantage for continuing the rise.
⚠️ Negative Scenario:
Breaking the support area with a one-hour close weakens the bullish scenario, and we monitor lower support... #Binance #buy_long #TradingCommunity