Analysis of $LUNC on the short time frame 🔍
LUNC is moving within a clear horizontal channel on the four-hour chart and is currently trading near the lower support area, which has proven strong in previous sessions. This reflects the possibility of forming a temporary local bottom.
☑️ Positive scenario:
If the price of BTC rebounds from its current levels, $LUNC may witness an upward bounce towards:
- The middle of the channel (as the first target level)
- Then the upper limit if the momentum continues
⚠️ Trade invalidation point:
Any clear break below the horizontal support is considered an exit signal.
✅ Entry setup:
• Buy area: Near the current support
• Stop loss: Just below the channel
• Targets: The middle of the channel then the upper limit
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