$LYN Analysis (1H) - Support Test & Bounce Potential
Current Price: 0.32330 (+3.27%)
LONG LYN (At Support)
Entry Zone: $0.32050 – $0.32250
Stop-Loss: $0.31500
Targets: $0.33200 | $0.34000 | $0.35000
Trend: Bullish on the 1H timeframe. Price is holding above MA 25 ($0.32056) and MA 99 ($0.31087). A minor retracement is happening after hitting MA 7 ($0.32579).
Momentum: RSI(6) is at 44.20, cooling off from higher levels. This provides healthy room for the next leg up without being overextended.
Volume: Low current volume (218K) suggests a consolidation phase. Watch for a volume surge to validate the bounce from the MA 25 support.
Verdict: Market structure is solid. As long as $LYN holds above the $0.3200 level, the trend remains bullish. Best entry is on the current retest of the moving average support.
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