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$LAB Breaking through the resistance zone, upward momentum may start to weaken.
Trading plan: Short $LAB
Entry: 4.14 – 4.36
Stop loss: 4.95
Take profit: 3.95
Take profit: 3.65
Take profit: 3.35
The recent rally seems increasingly overextended, with momentum slowing as the price penetrates the supply zone. Buyers appear to have lost steam near the high levels, while selling pressure gradually accumulates above. If this area continues to hold, rejection could develop into a broader downward correction.