:
$LYN just witnessed a strong distribution candle after the recent vertical move, wiping out momentum in a single push. This kind of rejection, especially after an extended rally, usually signals that short-term buyers are exiting and the market is looking for a new base.
Price has already slipped back below the short-term structure, and unless we see a quick reclaim, the path of least resistance remains downward.
Next downside targets to watch:
• 0.0970
• 0.0950
• 0.0920
• 0.0880
Expect volatility near these zones — they’re natural areas where buyers may attempt to slow the move. Until a strong base or reversal candle appears, chasing longs here is risky.
Price has already slipped back below the short-term structure, and unless we see a quick reclaim, the path of least resistance remains downward.
Next downside targets to watch:
• 0.0970
• 0.0950
• 0.0920
• 0.0880
Expect volatility near these zones — they’re natural areas where buyers may attempt to slow the move. Until a strong base or reversal candle appears, chasing longs here is risky.
