New structure is taking shape…
LYN
Alpha
0.096305
+13.75%
Bias: Long
Entry: Current area
Targets:
TP 1: 0.1015
TP 2: 0.1060
TP 3: 0.1120
Stop:
0.0875
Price flushed down toward 0.069 and bounced quickly, which usually points to strong demand at the lows. Since that rebound, price has been printing higher candles and holding above the prior support zone. Brief pullbacks are expected after a sharp move. As long as price remains above 0.09, the setup stays constructive with room for further upside.