$LAB is looking weak around $0.148 to $0.150, down roughly 6% to 8% in 24h, with the latest range showing price close to the lower side after rejecting from the $0.18+ area. That makes this a short on bounce setup for me, not a short directly at the low. Current references show LAB near $0.149 with 24h low around $0.1448.
Bias: Short on rejection
Entry zone: $0.153 to $0.158
Stop: above $0.163
TP1: $0.145
TP2: $0.138
TP3: $0.130 if selling pressure continues
For me, the key level is $0.158 to $0.163. If LAB bounces into that area and rejects, sellers still have control. If it reclaims $0.163 with strong volume, I’d cancel the short idea because that could turn into a squeeze. The better trade is waiting for the weak retest instead of shorting after the drop already happened.
Bias: Short on rejection
Entry zone: $0.153 to $0.158
Stop: above $0.163
TP1: $0.145
TP2: $0.138
TP3: $0.130 if selling pressure continues
For me, the key level is $0.158 to $0.163. If LAB bounces into that area and rejects, sellers still have control. If it reclaims $0.163 with strong volume, I’d cancel the short idea because that could turn into a squeeze. The better trade is waiting for the weak retest instead of shorting after the drop already happened.