$LAB analysis
This is the third leg down from a double top, not just another red candle. Price topped near 22.7, dropped to build a base around 9-10, ran back up to a second high near 20.7, and has been sliding since — now sitting at 7.25, already through the range that held the last pullback.
The 10.000 level that acted as both floor and ceiling through the entire middle of this move just gave way.
That's the structural break, not the 0.79% shown on the ticker.
10.000 is what matters now. Reclaim it and this goes back to range behavior.
Stay below it and the next real structure is the demand zone all the way down near 1.5-2, untouched since the move started in April.
Nothing between here and there has held yet.
$TAC $MAGMA
This is the third leg down from a double top, not just another red candle. Price topped near 22.7, dropped to build a base around 9-10, ran back up to a second high near 20.7, and has been sliding since — now sitting at 7.25, already through the range that held the last pullback.
The 10.000 level that acted as both floor and ceiling through the entire middle of this move just gave way.
That's the structural break, not the 0.79% shown on the ticker.
10.000 is what matters now. Reclaim it and this goes back to range behavior.
Stay below it and the next real structure is the demand zone all the way down near 1.5-2, untouched since the move started in April.
Nothing between here and there has held yet.
$TAC $MAGMA