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$LAB experienced a long liquidation around $9.04584, indicating that leveraged buyers were forced out of their positions. The liquidation reinforces short-term bearish sentiment, with sellers maintaining control of the current market structure. If price fails to reclaim nearby resistance levels, further downside movement could follow as selling pressure continues to build.
Entry: $8.98 - $9.10
SL: $9.35
TP1: $8.75
TP2: $8.45
TP3: $8.10
TP4: $7.70
Momentum remains weak, and recent recovery attempts have struggled to gain traction. Watch key support levels closely and trade with proper risk management.
Sell and Trade $LAB