$LYN swept the lows and held structure — 13.6% 24H move with bullish continuation still in play
My bias remains bullish. The 15M wick below 0.04452 swept sell-side liquidity and reclaimed the level, while 1H, daily, weekly and BTC structure remain aligned bullish. That keeps the setup focused on continuation rather than reversal.
I’m watching 0.04661–0.04740 first, which marks the recent swing high and liquidity zone. A clean breakout could open the path toward 0.04847 and potentially 0.05334.
Entry zones:
0.04490–0.04540 after a confirmed reclaim and hold
0.04360–0.04450 on a controlled dip that respects the higher low
Before entering, I want to see a 1H close back above 0.04494, a bullish engulfing candle or pin bar, and a lower-timeframe market structure shift with a higher low after the sweep.
The 0.17x volume condition makes confirmation even more important. I would rather wait for the market to prove the setup than chase the move.
Take-profits:
0.04661
0.04740
0.04847
0.05334
Flow supports the long-side thesis: OI is at $7.8M, up 39.6% over 24H, funding is -0.0751%, and taker flow is 1.08x.
Invalidation: A 1H close below 0.04360 would break the current structure and invalidate this bullish setup.
Protection should sit beyond the structure flip / last higher low rather than at an arbitrary price.
Not investment advice. Educational report only.
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