diff --git a/js/ui/drawing-tools.js b/js/ui/drawing-tools.js
index cb29727..d0d116a 100644
--- a/js/ui/drawing-tools.js
+++ b/js/ui/drawing-tools.js
@@ -221,7 +221,8 @@ export class DrawingManager {
                     type: 'measure', 
                     p1: { time: pos.time, price: pos.price }, 
                     p2: { time: pos.time, price: pos.price }, 
-                    color: '#26a69a' 
+                    color: '#26a69a',
+                    labelOffset: { x: 0, y: 0 }
                 };
                 this.update();
                 return;
@@ -285,11 +286,18 @@ export class DrawingManager {
 
     handleMouseMove(e) {
         const pos = this.getMousePos(e);
+        
+        // Hover cursor logic
         if (!this.isMouseDown && !this.activeTool) {
             const hit = this.findHit(pos.x, pos.y);
-            this.container.style.cursor = hit ? 'pointer' : 'default';
+            if (hit) {
+                this.container.style.cursor = hit.part === 'label' ? 'move' : 'pointer';
+            } else {
+                this.container.style.cursor = 'default';
+            }
         }
 
+        // Track measurement even if mouse is up (Click-Move-Click)
         if (this.currentDrawing && this.currentDrawing.type === 'measure') {
             if (pos.time !== null) {
                 this.currentDrawing.p2 = { time: pos.time, price: pos.price };
@@ -303,6 +311,18 @@ export class DrawingManager {
         if (this.selectedDrawing && this.dragMode) {
             if (pos.time === null || pos.price === null) return;
             const d = this.selectedDrawing;
+            
+            if (this.dragMode === 'label') {
+                // Free movement of ONLY the label field
+                const dx = pos.x - this.dragStartPos.x;
+                const dy = pos.y - this.dragStartPos.y;
+                d.labelOffset.x += dx;
+                d.labelOffset.y += dy;
+                this.dragStartPos = pos; 
+                this.update();
+                return; // Critical: exit here so we don't move measurement points
+            }
+            
             if (this.dragMode === 'p1') {
                 d.p1 = { time: pos.time, price: pos.price };
             } else if (this.dragMode === 'p2') {
@@ -361,6 +381,15 @@ export class DrawingManager {
         const threshold = 10;
         for (let i = this.drawings.length - 1; i >= 0; i--) {
             const d = this.drawings[i];
+            
+            // Check for label hit first (highest z-order)
+            if (d.type === 'measure' && d.labelPos) {
+                if (x >= d.labelPos.x && x <= d.labelPos.x + d.labelPos.width &&
+                    y >= d.labelPos.y && y <= d.labelPos.y + d.labelPos.height) {
+                    return { drawing: d, part: 'label' };
+                }
+            }
+
             if (d.p1 && d.p2) {
                 const x1 = this.chart.timeScale().timeToCoordinate(d.p1.time);
                 const y1 = this.series.priceToCoordinate(d.p1.price);
@@ -645,8 +674,14 @@ export class DrawingManager {
                         ctx.font = '500 12px Inter';
                         const labelWidth = Math.max(...labelLines.map(l => ctx.measureText(l).width)) + 24;
                         const labelHeight = 65;
-                        const labelX = x2 - labelWidth / 2;
-                        const labelY = isUp ? y2 - labelHeight - 10 : y2 + 10;
+                        const defaultLabelX = x2 - labelWidth / 2;
+                        const defaultLabelY = isUp ? y2 - labelHeight - 10 : y2 + 10;
+                        
+                        const labelX = defaultLabelX + (d.labelOffset?.x || 0);
+                        const labelY = defaultLabelY + (d.labelOffset?.y || 0);
+
+                        // Store label position for hit detection
+                        d.labelPos = { x: labelX, y: labelY, width: labelWidth, height: labelHeight };
                         
                         // Solid Box
                         ctx.fillStyle = color;