$LUNC ā BEARISH NEAR-TERM OUTLOOK ā ļø
š Key Levels (approx):
Support: ~ $0.0000559
Resistance: ~ $0.0001156
Current Price: ~ $0.0000282
š Why Bearish (for now):
Daily moving averages strongly signal sell.
Oscillators & overall technical-rating tools suggest weakness/neutral sentiment.
The price is far below major resistance; upside momentum appears weak unless there's a strong catalyst.
š” Trade Setup (Short-Term ā Bearish Bias / Wait-For-Bounce Setup):
Short Entry: around current price (~ $0.000028) or on any bounce toward ~ $0.000050-$0.000055 zone (acting as nearer-term resistance).
Target (TP): First TP ~ $0.000020 ā if downtrend continues. If support at ~$0.0000559 holds firm, upside retest possible but unlikely in bearish bias.
Stop Loss (SL): ~ $0.000038 (above recent minor resistance), to limit risk in case of sudden bullish reversal.
ā ļø Risk Management:
Keep position size small ā LUNC remains highly volatile. Always use SL. Avoid averaging down if price moves against you.
Stay alert ā if price breaks above $0.0000559 with strong volume, bearish bias may invalidate and reversal signals should be reconsidered.$LUNC
