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LYN has been sliding down from the high of 0.20200, and the bearish sentiment is growing stronger. From a technical perspective, all moving averages across different timeframes are showing a bearish setup, and the MACD has continued to diverge after a death cross, with downward momentum being released wave after wave. The funding side is even more interesting—large traders' short positions are gradually increasing, and the force actively smashing the market is frequently making moves at key levels.
What’s the strategy? The current price can directly open a short position. If there is a rebound to the 0.13 range, you can add to your position. Don’t skimp on stop-loss—set it above 0.15.
The targets look like this: the first key support is at 0.10. If this level cannot hold, then continue to watch the 0.08 range. The logic behind this decline is very clear, with a strong trend, so you can hold your short positions with confidence. Don’t chase short-term rebounds, as that will only mess with your mindset.