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$LAB (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 4.58 - 4.72
Targets:
TP1: 4.28
TP2: 4.00
TP3: 3.64
Stop Loss: 5.08
Why this Setup:
I see price stalling after a sharp bounce and consolidating just below a clear resistance area, so I want to fade the move if momentum continues to weaken. I’m looking for a rejection from this supply zone with room for a drop back toward the prior support levels.
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