$LYN is experiencing a healthy pullback after the recent upward move, allowing the market to consolidate and shake out weaker positions. Corrections like this are normal and help form a stronger base for the next potential rally.
Trade Setup:
Entry Zone: $0.072 – $0.0725
Target 1: $0.074
Target 2: $0.0755
Stop Loss: $0.071
I’m watching this zone closely because it aligns with previous support around $0.07235 and coincides with the 0.5 Fibonacci retracement of the recent swing. They’re building strength here, and if this level holds, LYN could push back toward the targets.
$1.8034K worth of longs were liquidated at $0.07235, showing strong buying support and reinforcing this key area.
#USJobsData #CPIWatch #TrumpTariffs #BTCVSGOLD #BinanceBlockchainWeek
LYNUSDT
Perp
0.0743
+19.62%
