$LUNC BURNS CONTINUE — AUGUST COULD IGNITE A BREAKOUT
Binance has confirmed it will continue burning
$LUNC in August, reigniting hope for Terra Classic holders. But this isn’t just hype—it’s a technical setup worth watching.
📊 MARKET DIRECTION: Bullish bias building
📍 ENTRY: $0.00006250
🎯 TP1: $0.00006800
🎯 TP2: $0.00007250
🎯 TP3: $0.00008000
🛑 SL: $0.00005800
WHY THIS MATTERS
The burn mechanism reduces circulating supply, and with Binance leading the charge, sentiment is shifting. Volume spikes and bullish divergence on RSI suggest accumulation. If momentum holds, could reclaim key resistance zones.
TECHNICAL BREAKDOWN
- RSI: Bullish divergence forming on 4H
- MACD: Crossed above signal line, momentum building
- Volume: Increasing on green candles—smart money entering
- Fibonacci: 0.618 retracement aligns with TP2
- Support Zone: $0.00006000 holding strong across multiple timeframes
RISK MANAGEMENT TIP
This is a high-volatility asset. Use tight SLs and scale out profits. Don’t chase pumps—plan your trade, trade your plan.
MOTIVATION FOR SMALL ACCOUNTS
You don’t need a big bag to win big. Precision beats size. Stick to setups, protect capital, and let compounding do the magic.
#LUNCburns #CryptoSetup #BinanceUpdate #AltcoinWatch #TechnicalTrading $LUNC