LYN has recently experienced a clear change in its trend. From the daily chart, after reaching 0.2020, it started to turn downward, and the previous upward correction channel has been broken.



On the 4-hour chart, the situation is even clearer, with a continuous downward structure forming. The MACD has formed a death cross at high levels, indicating that the bearish momentum is gradually releasing. More importantly, during this decline, the volume has been steadily increasing, suggesting that funds are gradually withdrawing and no one is forcing a bottom.

From a macro perspective, the recent rally was mainly driven by short-term capital rotation. The current pullback actually looks more like a trend reversion to its main direction. Therefore, the current price can be gradually used to establish short positions, but don't be too greedy. Place your stop-loss above 0.18 to handle short-term rebounds.

As for target levels, first watch the 0.14 key support. If it breaks effectively, then look further down to the 0.12 range. The overall downward trend is already quite certain, so there's no need to rush into chasing orders. Take your time and manage the rhythm well.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
MysteryBoxBustervip
· 18h ago
Here comes the short-sell temptation again. Last time, it rebounded before reaching your 0.18 target.
View OriginalReply0
ExecutionPowerMiDuovip
· 01-06 01:08
New Year Wealth Explosion 🤑
View OriginalReply0
ExecutionPowerMiDuovip
· 01-06 01:08
New Year Wealth Explosion 🤑
View OriginalReply0
AirdropATMvip
· 01-05 11:55
Another bear trap, waiting to be cut off.
View OriginalReply0
ForkTroopervip
· 01-05 11:54
Another trap to lure more buyers. I think this 0.2020 is just a pit. --- The MACD has a death cross but is still slowly moving? I just want to know who is buying above 0.18. --- Gradual short positions, huh? I bet five bucks this wave won't drop below 0.12. --- No one is forcing to support the plate haha. To put it nicely, it just means no one wants it. --- If it can't break 0.14, then this analysis is pointless.
View OriginalReply0
CryptoPhoenixvip
· 01-05 11:48
Once again, the market has taught us a lesson... This wave of LYN's decline, to be honest, feels a bit like last year's déjà vu, but I choose to believe this is a process of value reversion. The bottom range is the real opportunity; just be patient and wait.
View OriginalReply0
RunWhenCutvip
· 01-05 11:26
0.2 That wave of sharp rise and fall really couldn't hold up, I knew it was due to insufficient volume. --- It's time to set up short positions, but this time we really need to stay calm and avoid chasing highs. --- Another round of chopping the leek rhythm, I think I'll just observe for now. --- I've looked into the MACD death cross, and the probability of it going down is indeed quite high. --- If 0.14 can't be broken, I don't believe this bear market is that strong. --- I agree with the strategy of entering short positions in batches; the greediest ones tend to die the fastest.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)