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$LAB looks like a classic pump & dump structure.
Sharp impulsive move up > aggressive expansion > followed by equally fast rejection.
What stands out:
> large wicks on both sides (high volatility, no control)
> failure to hold higher levels
> distribution after the spike
This is not clean trend continuation - this is liquidity being created and taken.
Retail buys the breakout.
Smart money exits into that strength.
Be careful with setups like this.