$LYN | 1D Trend Bearish • Relief Rally Attempt
$LYN - WATCHLIST
Trade Plan:
🎯 Entry: 0.08699 - 0.08974 (Current price to EMA7 zone)
🛑 SL: 0.04025 (Below the recent swing low)
✅ TP1: 0.12500
✅ TP2: 0.16729 (Near EMA25 resistance)
✅ TP3: 0.20000
Why this setup?
• Price Action: After a massive -69% dump over the last 30 days, the price is currently attempting to stabilize and form a short-term bottom.
• Indicators: RSI(6) is at 41.93, showing a recovery from the oversold territory as buying interest slowly returns.
• Trend Analysis: Price remains below the EMA25 and EMA99, confirming the primary trend is still bearish, but a technical relief rally is highly probable.
• Volume: Awaiting a significant volume spike to confirm a stronger reversal pattern.
📊 Bias Confidence: 65% | Execution
Confidence: 58% | RR: 1.72 | Setup Quality: MEDIUM
