$LYN Faces a Brutal Rejection
Short $LYN (DCA Entries)
EP1: 0.0189 – 40%
EP2: 0.0200 – 30%
EP3: 0.0215 – 30%
SL: 0.0250
TP1: 0.0175
TP2: 0.0160
TP3: 0.0145
TP4: 0.0125
Why:
$LYN has faced strong rejection after reaching 0.02582, with price dropping sharply to 0.01886. Price is trading below MA7 (0.02135) and MA25 (0.01996), showing increasing short-term bearish pressure, while MA99 (0.01581) remains the next major support reference. MACD is nearly flat and slightly negative, indicating weakening bullish momentum. Selling pressure has increased, although volume remains elevated following the recent rally. Open Interest stands at 520M, showing substantial derivatives activity. A breakdown below 0.0180 could accelerate selling toward 0.0160 and 0.0145.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
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Trade $LYN here 👇
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#Meme Alpha# #Altcoin Season#
Short $LYN (DCA Entries)
EP1: 0.0189 – 40%
EP2: 0.0200 – 30%
EP3: 0.0215 – 30%
SL: 0.0250
TP1: 0.0175
TP2: 0.0160
TP3: 0.0145
TP4: 0.0125
Why:
$LYN has faced strong rejection after reaching 0.02582, with price dropping sharply to 0.01886. Price is trading below MA7 (0.02135) and MA25 (0.01996), showing increasing short-term bearish pressure, while MA99 (0.01581) remains the next major support reference. MACD is nearly flat and slightly negative, indicating weakening bullish momentum. Selling pressure has increased, although volume remains elevated following the recent rally. Open Interest stands at 520M, showing substantial derivatives activity. A breakdown below 0.0180 could accelerate selling toward 0.0160 and 0.0145.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
🫂 Join my Binance Chat Group to Improve your trading skills and Let’s together win every trade.
Trade $LYN here 👇
Trade smart. DYOR.
#Meme Alpha# #Altcoin Season#
