$LYN — Breakdown Pressure Remains Heavy, Bears Still in Control
Short $LYN
• Entry: 0.0500 – 0.0515
• Stop Loss: 0.0535
Targets:
• TP1: 0.0480
• TP2: 0.0455
• TP3: 0.0420
LYN is still printing a strong bearish structure on the 1H chart after a sharp sell-off from the 0.09 zone. Price has already broken multiple supports and is now hovering near the 24h low cluster around 0.0493–0.0500, which makes this area a key decision zone for continuation or a weak bounce.
The chart shows a clear pattern of lower highs and lower lows, with heavy volume flowing into each downside leg. That tells us sellers remain in control, and the small green candles at the bottom are looking more like temporary relief rallies than a true reversal.
The preferred setup is a short on bounce into the 0.0500–0.0515 resistance zone, where weak recovery attempts may get rejected. As long as price stays below 0.0535, the bearish bias remains intact and downside continuation toward 0.0480, 0.0455, and even 0.0420 stays in play.
This is a clean, high-RR continuation setup with strong momentum behind it — but trade it with discipline and respect the invalidation level.
Trade $LYN here 👇🏻
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