$LAB is now entering Extreme Overbought Territory After Explosive Rally 🥵

Short $LAB

Entry: 6.5 – 7.5

SL: 8.0

TP1: 5.80

TP2: 5.20

TP3: 4.60

TP4: 3.90

Why:

LAB has gone nearly vertical and is now trading far above MA7 and MA25, making the move heavily extended. RSI is above 80, signaling overheated conditions, while price is approaching the previous rejection zone near 7.77. Rapid impulsive candles with weakening follow-through often lead to sharp corrections as traders lock profits. If momentum slows and MA7 support breaks, price can retrace aggressively toward lower support zones.

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LABBSC
LABUSDT
4.1968
-8.68%