$LAB Price Action Update | Strong Momentum After Breakout
1. $LAB has successfully moved up and recently touched the $7.8 level, showing strong buyer interest
2. The structure is currently bullish, with higher highs forming on the chart
3. Key support zone is now around $6.90 – $7.10, where price previously consolidated
4. This area acts as a strong demand zone for potential re-entry
5. Resistance is seen near $8.20 – $8.50, which is the next major upside barrier
6. Short-term long entry can be considered on pullback to support with confirmation
7. Stop loss should be placed below $6.70 to manage downside risk
8. Short-term target remains in the $8.20 – $8.50 range
9. Long-term structure still allows extension toward $10 zone if momentum continues
10. Trade only with confirmation candles, not early anticipation
$LAB is currently showing strong upward momentum after breaking higher levels, indicating buyers are still active in the market. The price action suggests that the trend remains positive as long as it stays above the support region around $6.90–$7.10. This zone is important because it previously acted as a base where buyers stepped in strongly.
If price holds this support again, another push toward $8.20 and possibly higher levels can develop. However, if $6.70 breaks, the bullish structure may weaken and a deeper correction could follow. For traders, the focus should stay on patience, confirmation, and disciplined risk control instead of chasing price moves.
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