$ALAB IS RETESTING A MAJOR SUPPORT ZONE AFTER A 13% DECLINE!

Trading Plan Long $ALAB

Entry: 318 – 319

SL: 316

TP1: 322

TP2: 328

TP3: 338

The asset has dropped from 368 to 318.17 — a 13% decline. The RSI reading at 11 suggests the asset is oversold. Volume is moderate but beginning to taper off, suggesting that sellers are losing conviction. The 4-hour chart shows a steady decline, but the momentum is slowing significantly. This level has historically attracted buyers, and support tends to hold until there's a significant shift in market structure. If buyers defend this zone, the next resistance areas to monitor are 322 and 328, with deeper liquidity resting at 338 — a 6% upside from entry. The stop is placed tight at 316, below the recent low.

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