$LAB is currently trading around $0.18155 after a sustained downside move on the 1H structure. The chart shows a clear sequence of lower highs and lower lows, confirming that sellers remain in control of the short-term market structure. The recent bounce from the $0.182 area appears to be a liquidity reaction after an extended sell-off, but the overall trend bias remains bearish until key resistance levels are reclaimed.
EP: $0.189 – $0.193
TP1: $0.175
TP2: $0.165
TP3: $0.152
SL: $0.204
The current trend structure is decisively bearish with price consistently rejecting lower-high zones since the $0.15128 rejection area formed earlier in the move.
Momentum remains weak as every bounce is being sold quickly, showing strong supply pressure from market participants.
Unless $LAB$ can reclaim the $0.20 resistance zone, the market is likely to continue targeting liquidity pockets below $0.175 and $0.165 where stop clusters and resting bids are concentrated.