Trading Plan Long $LAB

$LAB flushed yesterday's low and is reclaiming $9.63 support after a strong rejection wick.

Entry: $9.55-$9.75

Stoploss: $9.28

Targets: $10.05 / $10.45 / $11.25

LAB is sitting on the 1H lower BB after a deep wick took out 9.33 support. Taker buy volume is aggressive, and funding is neutral, suggesting sellers are exhausted. OI is up slightly, but the retail L/S ratio is heavily short, setting up a good squeeze. The BB is squeezing, indicating an expansion is due. Losing 9.28 invalidates the setup.

Trade $LAB here 👇

LABBSC
LABUSDT
12.81
+29.38%