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$LAB (1h) - Rejection Short
Bias: Short
Entry (Zone): 2.64 - 2.78
Targets:
TP1: 2.48
TP2: 2.32
TP3: 2.12
Stop Loss: 2.92
Why this Setup:
I’m watching this push into a well-defined resistance band after a strong rally and a choppy consolidation. Price is stalling near the highs, and I want to fade the move if momentum keeps compressing here. I’ll look for a clean rejection from this zone and a rotation back into the lower support areas.
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