$LYN SHORT
Price is locked in a clear 1H downtrend, and the recent 5m spike into the FVG at 0.01753 looks like a classic manipulation before continuation. With Binance cutting leverage tiers on Oct 16 forcing high-leverage longs to unwind, the path of least resistance is down.
**Trading Ideas Short $LYN**
Entry: 0.01710 - 0.01730 (current range / FVG retest)
SL: 0.01765 (above the manipulation high and FVG)
TP1: 0.01640 (range low / initial target)
TP2: 0.01580 (manipulation wick low)
TP3: 0.01500 (next psychological support)
**Risk:** A 1H close above 0.01765 invalidates the bearish structure and signals a potential trend reversal. The leverage adjustment on Oct 16 could also cause a violent short squeeze if too many traders are positioned short. Size accordingly.
What do you think?
Would you take this setup, or wait for confirmation?
