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$LAB just saw 3.4x buying volume, real demand or trap?
- I expect the price to continue rising in the short term, provided it holds above 9.315 and confirms strength on a retest.
- The massive volume spike after clearing the most recent swing low is a strong signal of accumulation — smart money often steps in during these liquidity events and pushes price higher.
- My preferred trade setup is a long on a pullback to the 9.480-9.630 region, confirmed by a bullish reversal formation or strong buying on lower timeframes.
- Entry: Enter around 9.480-9.630 after a bullish confirmation (like a pin bar, bullish engulfing, or a quick liquidity grab with immediate bounce).
- Take profit: Take some profit at 10.184, then 10.455, with runners toward 10.612 if the momentum persists.
- Stop-loss: Set it below 9.315 or at a local swing low.
- If price fails to hold above 9.315 and closes below it convincingly, my bias flips to bearish and I would watch for a move toward 8.530.
📝 This is not investment advice, just an educational analysis report. Trade with confirmation and always use sound risk management!
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