$CLO
LYN Chart Analysis: The Worst is over, Buy the dip opportunity 🕵🏻♂️.
→ $LYN holders, we need to talk about this chart. After a massive wick up to 0.16888, we’ve seen a brutal -27% drop, bringing us down to the 0.097 zone. The 1H chart shows a clear "blood on the streets" scenario, but for a disciplined trader, this is where the real opportunities are born.
→ What’s Happening?
The sell-off was sharp, hitting a low of 0.08692 before finding some minor support. Right now, the price is consolidating. The bulls are trying to keep it above the 0.090 level, but the volume is still showing a lot of indecision.
→ Trading Strategy: Long vs Short 👀.
1. 🟢 For the Long (Bullish): (Preferred this)
• Entry: Look for a stable entry if it holds above 0.092 - 0.095.
• Target: First major resistance is at 0.118, and if momentum returns, we could retest 0.136.
• Stop Loss: Strictly below 0.085. If it breaks that, the floor could drop further.
2. 🔴 For the Short (Bearish): Only if breakdown occurs.
• Entry: If the current bounce fails to break 0.102, or if it breaks below 0.095 with high volume.
• Target: Looking for a retest of the low at 0.086 and potentially lower if the market stays heavy.
• Stop Loss: Above 0.108.
→ Remember my friends, always trade with proper risk management, don't take too much leverage, never go all investment in one coin 🤝🏻. If you want to checkout this coin, you can check the tag below 👇🏻. Let's grow together 🤞🏻.
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