$LAB Short Liquidation Update!
LAB recorded a short liquidation of $1.4802K at $0.24258, a strong hint that sellers got squeezed as buyers stepped in with momentum. This move signals a possible trend reversal or at least a short-term bullish bounce.
Market Overview:
After retesting the support near $0.236, LAB surged back above the $0.24 zone, confirming that demand is strengthening. If price maintains above this level, a push toward higher resistance could follow.
Technical Snapshot:
Support: $0.236 – $0.230
Resistance: $0.249 – $0.258
Market Bias: Turning bullish after liquidation pressure eased
Trading Plan:
Buy Zone: $0.240–$0.243 (on slight pullback)
Sell Target: $0.255–$0.260 range
Stop-Loss: Below $0.230 to manage risk
Next Move: Sustained momentum above $0.25 could confirm a bullish breakout, inviting more buyers to join the rally. Watch for rising volume — it’ll validate the next leg up!
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