Hey traders...✨ let's dive into the $LYN /USDT Perpetual chart. We're seeing some interesting price action after a significant downtrend. The current price sits at 0.06972 which is a 10.02%....... gain over the last 24 hours.
This spike suggests a possible change in momentum is brewing.
The recent bottom around 0.05678 could be a critical support level. The price is currently challenging the yellow MA(7) line but remains below the key resistance of the purple MA(25) at 0.07762.
For an aggressive trade, consider this setup:
Buy Zone: 0.06800 - 0.07000
Stop Loss (SL): 0.05400
TP 1: 0.07700 - 0.07800
TP 2: 0.09000
Remember to manage your risk carefully and confirm the trend reversal with further bullish volume and price action. This isn't financial advice it's an analysis of a potential setup. Always trade smart.!!!
