It looks like you're tracking a potential breakout for $LYN
. However, I noticed a slight contradiction in your targets: if the price breaks above $0.35, your targets are actually lower than the breakout price ($0.2911 and $0.3267).
If you are expecting an expansion upward after $0.35, the targets would usually be higher. If you are expecting a rejection at $0.35 followed by a drop, then your targets make perfect sense as support levels.
Market Levels to Watch
| Level Type | Price Point | Significance |
|---|---|---|
| Breakout/Resistance | $0.3500 | The key ceiling. A clean break here usually signals momentum. |
| Target 1 (Downside) | $0.3267 | Immediate local support or a conservative "take profit" on a short. |
| Target 2 (Downside) | $0.2911 | Major psychological and structural support level. |
Quick Analysis
* Bullish Scenario: If $0.35 flips from resistance to support, look for extension toward higher round numbers (e.g., $0.40 or $0.45).
* Bearish Scenario: If the volume dies out at $0.35, a "fakeout" could lead to a quick retrace toward your $0.2911 target.
Would you like me to generate a fresh chart visualization reflecting these specific targets, or perhaps look into the recent volume trends for $LYN?