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$LAB (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 9.90 - 10.20
Targets:
TP1: 9.55
TP2: 9.10
TP3: 8.30
Stop Loss: 10.75
Why this Setup:
I see price stalling after a sharp impulse into a clear resistance area, and the recent candles show momentum fading near the highs. I want to short a rejection from this zone, looking for a move back into the prior consolidation and then down toward the next support levels if sellers stay in control.