$LAB is around 0.1379, down about 7.5% in 24h, with the range between 0.1273 and 0.1514. The chart had a heavy breakdown before this bounce, and price is still below the short-term MA near 0.1433, so for me the cleaner setup looks short-biased, but only on a bounce.
Bias: Short on rejection
Entry zone: 0.1430 to 0.1510
Stop: above 0.1560
TP1: 0.1320
TP2: 0.1275
TP3: 0.1200 to 0.1125 if sellers take control again
The key area is 0.1430 to 0.1510. If LAB bounces there and fails, sellers still look in control. If it reclaims 0.1560 with strong volume, I’d cancel the short idea because that could turn into a stronger recovery. A long only looks cleaner after LAB holds above 0.1510 to 0.1560, not while it is still under resistance.
Bias: Short on rejection
Entry zone: 0.1430 to 0.1510
Stop: above 0.1560
TP1: 0.1320
TP2: 0.1275
TP3: 0.1200 to 0.1125 if sellers take control again
The key area is 0.1430 to 0.1510. If LAB bounces there and fails, sellers still look in control. If it reclaims 0.1560 with strong volume, I’d cancel the short idea because that could turn into a stronger recovery. A long only looks cleaner after LAB holds above 0.1510 to 0.1560, not while it is still under resistance.