$LAB — 0.11 Reversal update
📉 Clear lower highs + lower lows throughout the chart.
The bounce from ~$0.075 toward $0.09 was rejected.
Now price is back around $0.072, very close to the recent low.
🔻 $0.070–0.068 is the key support area. Losing it opens the door toward $0.06 and potentially lower.
🟢 For a real reversal, I'd want to see $0.08 reclaimed, then a higher low, and finally a break of $0.09–0.095.
So right now:No confirmation → no reason to chase long.
And I definitely wouldn't short blindly at $0.071 either, because we're sitting close to support.
The better trade is to wait for the reaction: either a confirmed reclaim or a clean breakdown/retest.
This one is exactly the kind of chart where the market can punish you for entering just because you finally see a few green candles.
📉 Clear lower highs + lower lows throughout the chart.
The bounce from ~$0.075 toward $0.09 was rejected.
Now price is back around $0.072, very close to the recent low.
🔻 $0.070–0.068 is the key support area. Losing it opens the door toward $0.06 and potentially lower.
🟢 For a real reversal, I'd want to see $0.08 reclaimed, then a higher low, and finally a break of $0.09–0.095.
So right now:No confirmation → no reason to chase long.
And I definitely wouldn't short blindly at $0.071 either, because we're sitting close to support.
The better trade is to wait for the reaction: either a confirmed reclaim or a clean breakdown/retest.
This one is exactly the kind of chart where the market can punish you for entering just because you finally see a few green candles.
