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$LAB (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 17.35 - 17.85
Targets:
TP1: 15.55
TP2: 14.05
TP3: 12.10
Stop Loss: 18.95
Why this Setup:
I’m looking for a short into this overhead resistance after a sharp impulse and failed follow-through. Price is still holding above the mid-range, but the repeated rejection near the recent swing high makes a pullback toward the prior support zones likely.