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LYN has fallen back from the high of 0.17473, and the short-term bullish trap pattern has already come to an end. The 4-hour and hourly downward structures are complete, and after the MACD death cross, the green bars continue to expand, indicating that the bearish momentum is still being released. Currently, there are no signs of weakening.
On the technical side, the moving average system has formed a synchronized resistance pattern. Every time the price rebounds, it gets stuck at the short-term moving averages and pulls back. The rebound lacks strength, and the trend reversal signals are already very clear.
The fund flow is even more interesting—large traders' short positions are continuously increasing, while retail investors are accumulating at higher levels. The chips near the previous high points are starting to loosen, indicating a change in the holders' sentiment. The market currently lacks effective support, and no signs of funds defending the price during the decline have been observed, further confirming the trend's weakness.
Now, it is advisable to consider short positions. Place the stop-loss above 0.17 to guard against a short-term rebound. The first target is around 0.14; if it is effectively broken, there is still more downside potential. With technical and fund flow resonance, the certainty of this bearish setup remains quite high.