After the recent long liquidation, $LYN is beginning to regain stability as selling pressure eases and price moves into a short-term consolidation phase. The liquidation cleared overleveraged long positions, providing a reset that allows buyers to re-enter the market with confidence. This period of consolidation is forming a base, suggesting the potential for a bullish breakout as momentum rebuilds.
During this phase, $LYN has held key support levels and printed tighter ranges, signaling accumulation rather than continued weakness. Volume is gradually improving, indicating growing participation as price approaches resistance. A breakout above the consolidation zone could trigger renewed momentum and attract trend-following traders.
Trade Setup for $LYN
Entry Zone: $0.101 – $0.104
TP1: $0.109
TP2: $0.116
TP3: $0.125
Stop Loss: $0.098
Market sentiment is cautiously bullish, with traders viewing the recent long liquidation as a reset rather than a reversal. If buyers maintain control and confirm strength with volume, $LYN could continue higher and establish a stronger short-term trend.
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