$LAB – Bearish Trend Dominance, Sellers Aiming for Fresh Lows
Trading Plan: Short $LAB
Entry: 4.5420 – 4.6200
SL: 4.7700
TP1: 4.4000
TP2: 4.2500
TP3: 4.0500
The chart shows a strong bearish breakdown. Price failed to hold key moving averages and has been making lower highs and lower lows on the 15m timeframe. A brief attempt to bounce was quickly rejected near the MA(25) line, confirming that sellers are firmly in control. Volume confirms steady distribution on rallies. Expect further downside momentum toward the psychological support zones.
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