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Regarding LYN's recent trend, let me analyze the current situation.
The bears attempted three consecutive efforts at the 0.13177 level before finally breaking through, indicating that the bulls' defense here is indeed stubborn. During the third attempt, the bulls nearly reversed upward but were forcefully pushed back at 0.1518 by the bears. The final wave of selling involved a large amount of chips to firmly establish below 0.13177, directly breaking through to 0.12055.
This dip may look like a spike, but in fact, the bulls set a trap here, and both sides paid a considerable price. Currently, the bulls are almost out of ammunition, exhausted of chips. Although the bears broke through a key level, they are also very tired, making it difficult to easily push the bulls back above 0.13177.
Both sides are now gathering strength. My advice is to hold your short positions firmly and avoid unnecessary pressure on the other side. Once this support is effectively broken, the next target is directly below 0.1, and the pattern will be completely open.
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So now it's just a tug-of-war, whoever can't hold on first loses?
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Only when it breaks below 0.1 will the real show begin. Right now, everyone is pretending to be dead.
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I agree with not cutting the short positions. It all depends on whether the other side still has bullets left.
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This wave has indeed dealt a heavy blow to the bulls, feeling like the bears have a better chance now.
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Oh, it's another stalemate. When will there be a clear direction?
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All the chips were spent at 0.1517. The bears won, but it wasn't easy.
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Wait, will the bulls really rebound? Feels like there's no strength left.
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The pattern is opening up, but it still depends on whether 0.1 can hold. Otherwise, it will be a true crash.