FROM $5 TO $1.5 — IS THIS THE BOTTOM?
$LAB has collapsed 69% from 5.00 to 1.51. The RSI is at 12 — that's extreme fear. Volume is spiking, which usually means panic sellers are exiting. When fear hits these levels, the bounce can be violent. This is where the brave get rewarded.
Trading Plan Long $LAB
Entry: 1.48 – 1.53
SL: 1.40
TP1: 1.80
TP2: 2.20
TP3: 2.80
The sell-off has pushed price into a zone that has historically attracted buyers. If sellers fail to break below 1.40, the path opens for a recovery toward 1.80 and 2.20.
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