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$LAB (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 4.90 - 5.05
Targets:
TP1: 4.55
TP2: 4.10
TP3: 3.80
Stop Loss: 5.35
Why this Setup:
I’m looking for a rejection from the recent recovery zone after the sharp drop, since price is still below prior supply and hasn’t fully reclaimed the 5.0 area. I want to short the bounce into resistance and target a move back toward the 4.1 support, with extension if momentum turns back down.
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