$LUNC OPPORTUNITY? OR SIMPLY FALLACY 🚀🔥
Bullish trend confirmed and we have an incredible performance from LUNC WAIT FOR THE PRICE CORRECTION before trading after having clear support.
Ideal: Around $0.00006850 - $0.00006900 USDT. This was a recent resistance that could now act as support. It is also where the price has consolidated prior to previous surges.
Alternative (more conservative): If the pullback is deeper, the $0.00006500 - $0.00006600 USDT area would be an excellent buying zone, as it was an important support on July 20.
Stop Loss
The stop loss should be placed below a key support to limit losses if the trend changes or the pullback deepens more than expected.
Ideal: $0.00006400 USDT. This is located just below the key support of $0.00006500 and the low of the July 20 candle that drove the price. Breaking this level could signal a short-term trend reversal.
Targets:
Target 1: The recent high (local ATH) at $0.00007245 USDT. If the price breaks this high with volume, it is a sign of bullish continuity.
Target 2 (Extension): If Target 1 is broken and held, the next psychological target or extension target could be around $0.00007500 - $0.00007600 USDT.