Hey square friends.! 🫡
$LYN /USDT 4-hour chart is showing some very interesting structural shifts! After a sharp rejection from the 0.364 resistance zone, we are seeing the price stabilize in a tightening range.
The Setup:
🔹 Support: Holding strong above the 99-period MA (0.295). This is the "must-hold" zone for the bulls.
🔹 Resistance: Immediate hurdle at 0.307 (MA 25). If we flip this into support, the path to 0.33 and 0.36 opens up again.
🔹 Trend: Currently neutral-to-bearish in the short term, but the "Higher Low" established at 0.242 suggests that the macro recovery is still intact.
Trading Strategy:
Bullish Case: Watch for a high-volume breakout above 0.310.
This could signal the start of a "bull flag" breakout.
Bearish Case: A break below 0.290 would invalidate the current setup and likely lead to a retest of the 0.24 demand zone.
Patience is key here. The RSI is cooling off, and volume is low classic "calm before the storm" behavior.
Are you Accumulating or Waiting for a breakdown? Let me know below! 👇
#LYN #CryptoAnalysis #XCryptoBanMistake #altcoins #TechnicalAnalysis