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$LAB (1h) - Breakout Pullback Long
Bias: Long
Entry (Zone): 5.58 - 5.74
Targets:
TP1: 6.05
TP2: 6.38
TP3: 6.82
Stop Loss: 5.18
Why this Setup:
I see a strong impulsive breakout with heavy volume, and I want to buy a controlled pullback into the breakout area instead of chasing the spike. I expect continuation as long as price holds above the recent consolidation and the reclaimed 5.5 area.