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【$LYN Signal】Multiple retracements, continuation of the trading trend
$LYN 1H level rebounds then pulls back, price repeatedly tests near the upper Bollinger Band. The 4H MACD histogram is still expanding, but the 1H MACD fast and slow lines are converging, indicating a divergence in short-term momentum. The order book shows buy depth dominance at 13%, and the funding rate of 0.0684% indicates that bullish sentiment remains strong.
Price hesitates below 0.08073, chasing higher directly results in poor risk-reward. Wait for a retracement, then place an order around 0.06263 to go long.
⚡ Entry: Place order at 0.06263
🛑 Stop loss: 0.05542
🚀 Target 1: 0.08118
🚀 Target 2: 0.08150
🛡️ Trading management: - Execute strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
The 4H EMA20 and EMA50 are opening upward, indicating the medium-term trend is intact. The 1H RSI has fallen from overbought territory to 64.59, providing room for a pullback. Current holdings are stable, with no collapse caused by profit-taking, showing clear support from funds. Under this structure, sharp declines are actually buying opportunities, but the key is that the entry point must be sufficiently safe.
Check real-time quotes 👇 $LYN
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