$LAB 1H Setup Still Favors Sellers Below Key Resistance
LIMIT ORDER
$LAB SHORT SELL
ENTRY: 12.43–12.85 supply zone
TP1: 11.05
TP2: 10.57
TP3: 9.27
SL: Above 12.85 or above the swing high formed after confirmation
Market Outlook (1H)
LAB maintains a bearish structure on the 1-hour timeframe as long as price remains below the 12.43–12.85 resistance area. A retest into supply followed by a bearish engulfing candle, rejection wick, or lower-timeframe breakdown could provide an opportunity for continuation toward 11.05 initially, with extension targets at 10.57 and 9.27 if selling pressure accelerates. The bearish thesis becomes invalid if price reclaims 12.85 and closes decisively above 13.05 with strong bullish structure, opening the door for a move toward 14.36.
LIMIT ORDER
$LAB SHORT SELL
ENTRY: 12.43–12.85 supply zone
TP1: 11.05
TP2: 10.57
TP3: 9.27
SL: Above 12.85 or above the swing high formed after confirmation
Market Outlook (1H)
LAB maintains a bearish structure on the 1-hour timeframe as long as price remains below the 12.43–12.85 resistance area. A retest into supply followed by a bearish engulfing candle, rejection wick, or lower-timeframe breakdown could provide an opportunity for continuation toward 11.05 initially, with extension targets at 10.57 and 9.27 if selling pressure accelerates. The bearish thesis becomes invalid if price reclaims 12.85 and closes decisively above 13.05 with strong bullish structure, opening the door for a move toward 14.36.