$LAB is still showing a weak market structure after the prolonged downtrend, with buyers struggling to push the price toward a meaningful recovery.
Selling pressure remains a concern, and losing the current support zone could lead to another move lower. On the other hand, resistance overhead needs to be reclaimed before any strong bullish recovery can be considered.
For now, watch how price reacts around these key zones and wait for clear confirmation before making a trading decision.
Stay patient, manage your risk, and avoid entering without a proper setup.
DYOR (Do Your Own Research).
Selling pressure remains a concern, and losing the current support zone could lead to another move lower. On the other hand, resistance overhead needs to be reclaimed before any strong bullish recovery can be considered.
For now, watch how price reacts around these key zones and wait for clear confirmation before making a trading decision.
Stay patient, manage your risk, and avoid entering without a proper setup.
DYOR (Do Your Own Research).