$LYN — The bearish structure is not over
LYN Futures is at 0.02018 USDT, down 25.700% over 24 hours. The 1H candle just closed at 0.02008 after touching a low of 0.01888; the current rebound is still underway and has not closed.
🔴 Favor the downside if the 1H candle closes below 0.01888. The levels to watch are 0.01906 and 0.01941, two former low zones that need to remain below the closing price to confirm selling pressure. This view is invalidated if the 1H candle closes above 0.02042. Wait for confirmation and avoid chasing an extended move lower.
Personal observation, not a recommendation. Risk 1%; always use a stop.
#LYN #Crypto #Futures
LYN Futures is at 0.02018 USDT, down 25.700% over 24 hours. The 1H candle just closed at 0.02008 after touching a low of 0.01888; the current rebound is still underway and has not closed.
🔴 Favor the downside if the 1H candle closes below 0.01888. The levels to watch are 0.01906 and 0.01941, two former low zones that need to remain below the closing price to confirm selling pressure. This view is invalidated if the 1H candle closes above 0.02042. Wait for confirmation and avoid chasing an extended move lower.
Personal observation, not a recommendation. Risk 1%; always use a stop.
#LYN #Crypto #Futures
