Yo $LAB ‌

has had one wild journey from 0.68 all the way up to 3.45
That's over 400 percent move at the peak
Then it crashed back down to 1.81 which is more than a 50 percent drop from the top
Now price is sitting at 1.81 after bouncing off the lower zone
MACD is negative at -0.1583 which means sellers are still around but losing steam
EMA 100 is at 1.877 and EMA 200 is at 1.452
So the key level to watch is 1.5
That's a strong support zone where buyers have stepped in before
If price holds above 1.5 then long entry is good around 1.55 to 1.60
First target is 2.00 then 2.30
Stop loss below 1.45
This trade works well based on price action because support is support until it breaks
Overall LAB rose huge pulled back hard and now it's setting up for another bounce