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$LYN showing weak recovery after a sharp dump and now struggling below key moving averages.
Short $LYN
Entry: 0.285 – 0.305
SL: 0.335
TP1: 0.265
TP2: 0.235
TP3: 0.205
TP4: 0.175
Why:
After topping near 0.381, price collapsed aggressively to 0.148 which shows strong selling pressure. The current bounce looks like a relief rally rather than a trend reversal.
Volume spiked during the dump and is now fading during the bounce, which usually indicates buyers are losing momentum. If the price fails to reclaim the 0.30–0.31 zone, the market could roll over again toward the 0.23 and 0.20 support levels.
Trade $LYN here 👇
{future}(LYNUSDT)