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Most people have completely given up on this one, but look at what’s happening in the accumulation zone.
$LYN has been bleeding for weeks, dropping all the way from the $0.38 level down to this $0.04 range. It’s been painful to watch, but we’re finally seeing some sideways movement instead of just a straight line down.
The current price is around $0.054 and we’re starting to see a tiny bit of life. Volume is still pretty low at $5.4M, so we need a real spike to confirm a trend shift. If we can break and hold above $0.098, the recovery could actually get serious.
The risk here is if we lose that $0.04 support. If that goes, there’s no floor. I’m just watching the order book for now to see if the big players are actually filling bags or just baiting us.
Are you brave enough to catch this falling knife or are you waiting for a real breakout?
#GateSquareAprilPostingChallenge