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$LAB (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 11.60 - 11.90
Targets:
TP1: 11.22
TP2: 10.98
TP3: 10.69
Stop Loss: 12.75
Why this Setup:
I see price stalling after a sharp rally into a clear supply zone, and I want to fade the move if it fails to reclaim the recent highs. The impulsive drop from the top shows sellers stepping in, so I’m looking for continuation back toward the next liquidity pockets below.