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$LAB (1h) - Supply Rejection Short
Bias: Short
Entry (Zone): 4.30 - 4.45
Targets:
TP1: 4.05
TP2: 3.75
TP3: 3.35
Stop Loss: 4.72
Why this Setup:
I’m looking for a short rejection from the upper supply area after the move starts showing exhaustion near recent highs. Price has been losing momentum into resistance, so I want to fade a failed push and look for a rotation back toward the prior support zones.
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