$LAB has rallied back into a key supply zone where sellers may look to regain control. This area offers a potential high-probability short setup if bearish confirmation appears.
Trading Plan – Short $LAB
Entry: 14.5 – 15.5
SL: 16.5
TP1: 13.5
TP2: 12.5
TP3: 11.5
The recent recovery has pushed price back into a resistance zone that previously triggered strong selling pressure. While the bounce has been notable, the overall move still appears corrective within the broader market structure, with liquidity continuing to build beneath the recent swing lows.
If bulls fail to establish acceptance above this supply zone, the likelihood of a bearish rotation toward the downside targets increases.
Manage your risk, wait for confirmation, and follow your trading plan with discipline. DYOR.
Trading Plan – Short $LAB
Entry: 14.5 – 15.5
SL: 16.5
TP1: 13.5
TP2: 12.5
TP3: 11.5
The recent recovery has pushed price back into a resistance zone that previously triggered strong selling pressure. While the bounce has been notable, the overall move still appears corrective within the broader market structure, with liquidity continuing to build beneath the recent swing lows.
If bulls fail to establish acceptance above this supply zone, the likelihood of a bearish rotation toward the downside targets increases.
Manage your risk, wait for confirmation, and follow your trading plan with discipline. DYOR.