$LAB is approaching a strong resistance zone where upward momentum appears to be slowing down. The recent move higher is starting to look stretched, with continuation weakening as price trades deeper into supply levels. Buyers are losing strength near the highs, while selling pressure gradually begins to build overhead.
Trading Plan Short $LAB
Entry: 4.20 – 4.40
SL: 4.90
TP1: 4.00
TP2: 3.70
TP3: 3.40
If this resistance area continues to hold, a rejection could develop, potentially leading to a broader downside rotation. Momentum shift at current levels suggests the market may be preparing for a cooling-off phase after the recent push up.
Dyor.
Trading Plan Short $LAB
Entry: 4.20 – 4.40
SL: 4.90
TP1: 4.00
TP2: 3.70
TP3: 3.40
If this resistance area continues to hold, a rejection could develop, potentially leading to a broader downside rotation. Momentum shift at current levels suggests the market may be preparing for a cooling-off phase after the recent push up.
Dyor.