LABUSDT.P: short setup from daily support at 5.759LAB / TetherUS PERPETUAL CONTRACTBINANCE:LABUSDT.PThe_Traders_HouseIdea: the sharp drop stopped at the exact same price level as the sharp drop on 02.06.26 — coincidence? So, we have a strong level that was confirmed by a fakeout. After such a price decline throughout the whole day, a fakeout of the level should have triggered at least some correction. Instead, we see that the asset has entered consolidation right above the level. Usually, this kind of asset behavior is followed by an even deeper price drop. Expecting a short.