$LUNC – LOWER HIGH REJECTION CONFIRMS DOWNTREND CONTINUATION
SHORT TRADE SIGNAL
After failing to reclaim the $0.00005865 resistance,
$LUNC printed a lower high and is now showing signs of renewed selling pressure. The recovery bounce has been fully absorbed, suggesting bears are in control with a probable retest of local support at $0.00005720.
Trade Setup:
Short Entry: $0.00005780
Target 1 (TP1): $0.00005700
Target 2 (TP2): $0.00005620
Stop Loss (SL): $0.00005870
Short Outlook:
Momentum remains weak below $0.00005900, and unless bulls flip this level with volume, price is likely to grind lower into key liquidity zones.
#LUNCUSDT #BinanceFutures #CryptoTrading #ShortSetup #BearishTrend $LUNC