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$LAB (1h) - Exhaustion Short
Bias: Short
Entry (Zone): 15.00 - 15.55
Targets:
TP1: 14.25
TP2: 13.35
TP3: 12.40
Stop Loss: 16.40
Why this Setup:
I’m seeing an extended push into the highs with a clear rejection near the 16 zone, and the latest candles look stretched after a strong impulsive run. I want to fade this exhaustion move back toward the prior breakout areas, where I expect support to be retested if momentum keeps cooling off.