$LYN Long Liquidation: $7.7366K at $0.06806
A $7.73K long liquidation at $0.06806 shows that buyers failed to protect a key support zone, leading to forced exits from leveraged long positions. This breakdown leaves many traders trapped above the level, turning the broken support into a new resistance. As price retests this zone, trapped buyers may sell to exit, adding more pressure to the downside.
Next Move
Remaining below $0.06792–$0.06821 keeps long traders trapped and favors continued selling as they exit on rebounds.
Targets – Bearish Follow-Through
TG1: $0.06758
TG2: $0.06711
TG3: $0.06649
Pro Tip
Avoid selling the breakdown instantly. Wait for a bounce back into $0.06792–$0.06821 and enter only if a clean rejection forms. This disciplined approach avoids emotional entries and prevents getting caught in a fake breakdown recovery.
$LYN
