$LAB — Correction Before the Next Move?


After an explosive rally from sub-$1 levels to a peak near 24.4, $LAB is now going through a healthy correction phase.
📌 Price has lost short-term momentum and is currently trading below the MA7 while still holding above the MA25 on the daily chart.
📌 The 12-10 zone is the most important area to watch. This region aligns with previous consolidation and could act as strong support during the current pullback.
📌 As long as price holds above the 10-12 range, the broader bullish structure remains intact.
🎯 Key Levels:
• Support: 12.0 - 10.0
• Trend Invalidation: Daily close below 10
• Resistance: 15.0 - 17.0
If buyers step in around support and build volume again:
• First recovery zone: 15 - 17
• Major breakout zone: 20+
•Reclaiming previous highs becomes possible if momentum returns.
Right now this looks more like a cooling-off phase after a parabolic move rather than a trend reversal. The reaction around 12-10 will decide the next major direction.
#MyGateTradingMoment
LAB-0.37%
YamahaBlue
$LAB — Correction Before the Next Move?
After an explosive rally from sub-$1 levels to a peak near 24.4, $LAB is now going through a healthy correction phase.
📌 Price has lost short-term momentum and is currently trading below the MA7 while still holding above the MA25 on the daily chart.
📌 The 12-10 zone is the most important area to watch. This region aligns with previous consolidation and could act as strong support during the current pullback.
📌 As long as price holds above the 10-12 range, the broader bullish structure remains intact.
🎯 Key Levels:
• Support: 12.0 - 10.0
• Trend Invalidation: Daily close below 10
• Resistance: 15.0 - 17.0
If buyers step in around support and build volume again:
• First recovery zone: 15 - 17
• Major breakout zone: 20+
•Reclaiming previous highs becomes possible if momentum returns.
Right now this looks more like a cooling-off phase after a parabolic move rather than a trend reversal. The reaction around 12-10 will decide the next major direction.
#MyGateTradingMoment
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ybaser
· 6h ago
Just charge forward 👊
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