$LAB The Moving Averages

The most positive sign here is how the price action sliced through both the EMA(7) and EMA(25) like they weren't even there. Right now, LAB is fighting to stay above the crucial EMA(99) line at 12.6497. Breaking and holding above this long-term average is the real test. If it can flip the EMA(99) into solid support, the macro trend could shift fully bullish.

RSI and Momentum
However, the rapid nature of this push calls for some caution. The 6-period RSI is currently sitting high at 78.96. While a high RSI proves that the buying momentum is extremely strong, it also means the asset is technically overbought in this specific timeframe. We are getting very close to hot territory, which usually signals that a brief cooldown or a retest of lower levels might happen before any major continuation.

​The Strategy
Chasing a green candle after an 80% rally can be risky. If you are looking for an entry, watching how the price reacts to the EMA(99) or waiting to see if it pulls back to retest the EMA(25) around the 10.10 area could offer a much safer risk-to-reward ratio.

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