$LAB – Overextended conditions with 4-hour resistance suggesting potential downside reversal



Trade Setup: Short $LAB

• Entry Zone: 16.741323 – 16.945445

• Target 1: 15.888096
• Target 2: 15.251238
• Target 3: 14.295950

• Stop Loss: 18.117101

An 84% confidence short bias is present despite the daily uptrend, presenting a classic liquidity grab configuration. The 15-minute Relative Strength Index registers at 65.65, indicating overextension, while the 1-hour exponential moving average near 16.84 is acting as resistance. The entry band spanning 16.74 to 16.95 targets the first objective at 15.88 before any bounce materializes.

Just click trade here 👇 ‌
LAB-4.60%
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