LAB Support Reaction: What the High Volume Really Means
$LAB just tapped the $0.108–0.110 support zone, and what stands out the most is the single high-volume red candle during the drop. Here’s what this usually tells us:
Panic Selling Hit the Market
That big volume spike came exactly when price flushed into support. This is classic forced selling—traders cutting losses or exiting after the breakdown from the 0.127 top.
Buyers Absorbed the Liquidity
Even with heavy sell volume, the candle didn’t continue trending aggressively downward. Price bounced back above $0.110 and has been holding that area for multiple candles.
In simple terms:
Sellers were strong, but buyers matched the demand.
Short-Term Stability, Not Yet a Reversal
The MA structure on 15m (MA7 under MA25 and both under MA99) is still bearish. Price is stabilizing, but there’s no confirmed trend reversal yet.
LAB needs a clean push back above $0.113–0.115 with rising volume to shift momentum.
If Support Holds, Expect a Technical Bounce
As long as $0.108 stays intact, LAB has room for a relief bounce. This zone has shown clear absorption — meaning buyers are defending it.
But If $0.108 Breaks…
Another high-volume breakdown would likely trigger a fast drop, because liquidity underneath is thin on lower timeframes.
Quick Summary
High volume at support = strong reaction zone.
LAB showed sell pressure, but also buyer absorption, which often leads to a short-term bounce — as long as $0.108 doesn’t break.
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