Is the LAB surge past the $5 mark encountering resistance—violent pullback or building momentum?

Brothers, don’t blink while watching the market! The current LAB is like a butterfly breaking out of its cocoon, with the price stuck at the extremely sensitive level of 4.8282. Above is the psychological barrier of 5.0, below is a dense support zone. The bulls and bears are already in a heated battle, and today’s fight will directly determine how much profit can be made this week!

Market depth analysis: Rejecting hindsight

1. One-hour (1H) chart: Volatile at high levels, clear signs of shakeout Pattern analysis: From the 1-hour chart, LAB has pulled back significantly after reaching a high of 5.0537. Currently, the price is in a high consolidation zone, with candlesticks alternating between bullish and bearish, indicating that the upward momentum of the bulls is weakening but there is no sharp decline.

Technical indicators: The price is currently testing the support of short-term moving averages. If the 1-hour timeframe cannot quickly recover above 4.90, the market may enter a longer period of consolidation.

2. Four-hour (4H) chart: Bullish overall trend, pullbacks are opportunities Trend background: Since early May, LAB has formed a very beautiful ascending flag pattern. The lows on the 4-hour chart are continuously rising, which means the main trend remains in the hands of the bulls.

Space estimation: The current pullback is a technical correction from the previous rapid rise. As long as the volume does not increase and it does not break below the key line of 4.60, all adjustments are preparations for the next surge to 5.20 or even higher.

Today’s intraday trading strategy: Market order entry

What everyone needs now is quick, accurate, and decisive action. We will directly formulate the strategy based on the current real-time price of 4.8282:

Direction: Long

Entry point: 4.8282

Stop loss: 4.7075

🎯 Take profit targets:

First take profit: 4.9248

Second take profit: 4.9730