🚨
$LAB — BEARS STILL HAVE THE EDGE, BUT A REVERSAL ATTEMPT COULD BE FORMING
$LAB is currently trading around $0.0727 on the 4H chart after a major sell-off from the $0.1359 area. The broader structure remains bearish, but the chart is showing an interesting battle between sellers and buyers.
📉 The recent movement: LAB dropped sharply and eventually printed a major wick down to around $0.05579, showing heavy volatility and possible liquidation/capitulation. From there, buyers stepped in and pushed price back toward $0.0894.
However, that recovery was rejected, and price has now fallen back toward the $0.0700–$0.0730 area.
📊 Key Levels To Watch
🔴 Resistance: $0.0800–$0.0820
🔴 Major resistance: $0.0890–$0.0900
🟢 Support: $0.0700–$0.0710
🟢 Major support: $0.0558
For now, LAB is sitting at a key decision zone. The next strong move could depend on the whether the buyers defend $0.0700 or sellers push the prices lower. by
Will
#LAB reclaim $0.08, or are the bears preparing another leg down? 👀
$LAB