$LAB Next 3 Take-Profit Levels
$LAB remains under strong bearish pressure after a sharp rejection from the $24.40 peak, with price now consolidating near $6.27. The daily trend is decisively bearish as price trades below the Bollinger Band midline, while the 4H chart shows weak recovery attempts capped by declining momentum. On the 15-minute chart, volatility has compressed around the lower Bollinger Band, suggesting a breakout is approaching. Bulls must reclaim $6.50–6.80 to confirm a short-term reversal, while failure to hold $5.85 could trigger another sell-off toward recent lows. Traders should wait for volume confirmation before entering positions, as current price action favors cautious risk management over aggressive buying.
Next 3 Take-Profit (Bullish Scenario):
TP1: $6.80 – First resistance zone.
TP2: $7.50 – Previous support resistance.
TP3: $9.00 – Strong supply zone.
Invalidation: A sustained move below $5.85 would weaken the bullish recovery setup and increase downside risk.
Trade $LAB here 👇🏻
$LAB remains under strong bearish pressure after a sharp rejection from the $24.40 peak, with price now consolidating near $6.27. The daily trend is decisively bearish as price trades below the Bollinger Band midline, while the 4H chart shows weak recovery attempts capped by declining momentum. On the 15-minute chart, volatility has compressed around the lower Bollinger Band, suggesting a breakout is approaching. Bulls must reclaim $6.50–6.80 to confirm a short-term reversal, while failure to hold $5.85 could trigger another sell-off toward recent lows. Traders should wait for volume confirmation before entering positions, as current price action favors cautious risk management over aggressive buying.
Next 3 Take-Profit (Bullish Scenario):
TP1: $6.80 – First resistance zone.
TP2: $7.50 – Previous support resistance.
TP3: $9.00 – Strong supply zone.
Invalidation: A sustained move below $5.85 would weaken the bullish recovery setup and increase downside risk.
Trade $LAB here 👇🏻