$LUNC TECHNICAL ANALYSIS: BEARISH DOMINANCE
The recent accumulation by Binance and massive $LUNC burns indicate centralized control, creating strong bearish pressure on $LUNC. The market structure shows a breakdown below key support levels, suggesting continuation to the downside. Short-term momentum favors sellers, with minor retracements expected before further declines.
Short Entry: Near resistance zone
Targets (TP): First TP at prior support level, second TP at deeper structural support
Stop Loss (SL): Above immediate resistance
Risk Management: Limit exposure to 2-3% of portfolio per trade, avoid holding through high volatility events.
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