$LAB short
Short-Term Pullback: Is a Deeper Correction Incoming?
Heavy Rejection at the Top:
After an impressive +15% surge reaching a 24h high of 5.1865**,
LAB met strong selling pressure.
The long upper wicks near the $5.00 psychological level indicate a clear liquidity grab and profit-taking by whales.
* **Support Turned Resistance:** Price has officially broken down below the minor consolidation box (**4.8000–4.9000**). As long as we stay below this zone, the bears have the upper hand in the short term.
* **Bearish Momentum:** The 1-hour candles are forming lower highs and lower lows, pointing to a continuation of this corrective move.
🎯 Potential Targets & Levels t
Downside Target:
If the selling pressure continues, look for a retest of the previous structural breakout zone around **4.4000 – 4.5000**.
Invalidation .. A clean 1H candle close back above **4.9000** would invalidate this bearish setup and open the doors for another run at the 5.18+ highs.
