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$LAB (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 15.80 - 16.30
Targets:
TP1: 15.20
TP2: 14.20
TP3: 13.40
Stop Loss: 16.60
Why this Setup:
I’m looking for a short after the strong bounce into resistance, since price is stalling below the recent swing high and losing momentum near the 16 area. I want rejection from this zone to play a retrace back toward the prior support levels.