đ $LAB Under Pressure Smart Money Distributing or Just a Shakeout?
A massive 3.1x sell volume spike just hit $LAB, and the structure is starting to look heavy. This doesnât feel like random panic itâs more like controlled distribution.
Whatâs likely next?
With strong bearish confluence and aggressive selling, the path of least resistance is downward in the short term. Price is expected to hunt liquidity below, with key zones around 0.5925 and 0.5859 in focus.
High-Probability Trade Setup:
If price pulls back into the 0.6300â0.6380 resistance zone and shows weakness (bearish engulfing, pin bar rejection, or divergence), this could be a clean short opportunity.
Potential targets:
⢠First TP: 0.5925 (FVG fill)
⢠Second TP: 0.5859
⢠Extended: 0.5640
Risk Management:
Always protect your position place your stop-loss above the recent swing high.
Invalidation Scenario:
A strong close above 0.6445 with solid buy volume flips the narrative bullish, opening doors toward 0.6600+.
Pro Tip:Donât chase the move. Let price come to you, confirm weakness at resistance, and then execute with precision.
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