1. Technical Analysis of the Chart
General Trend
Previous trend: Dominant bearish, marked by a strong downward slope and the yellow trend line.
Recent changes: The price has broken out of the downward trend line and is attempting to consolidate above it, suggesting a possible reversal or pause in the bearish trend.
Technical Indicators
1. Bollinger Bands:
The price has broken the middle band (0.00007268), indicating a possible bullish direction change.
If it manages to stay above this line, it may attempt to reach the upper band (0.00008630).
2. MACD:
The MACD shows a bullish cross, with the histogram in positive territory.
This suggests a strengthening of the bullish momentum.
3. Stochastic RSI:
The value is 100, indicating an extreme overbought level. This may be a sign of exhaustion of the current movement, which could lead to a correction in the short term.
4. Volume:
Recent increase in volume, supporting the current bullish movement.
This increase suggests buyer interest at these levels.
Key Levels
Resistances:
Primary: 0.00008142 (recent highs).
Secondary: 0.00008630 (upper band of Bollinger and psychological resistance).
Supports:
Primary: 0.00007026 (current breakout level of the trend line).
Secondary: 0.00006209 (recent lows and lower limit of Bollinger).
2. Trading Strategy
For Spot
1. Entry:
Buy on pullbacks to the support of 0.00007026.
Confirm stability with support candles on intraday charts (4H or 1D).
2. Take Profit:
First profit-taking: 0.00008142.
Second profit-taking (if momentum continues): 0.00008630.
3. Stop-Loss:
Place a stop-loss at 0.00006800, protecting against a drop below key support.
4. Alternative Strategy:
Gradually accumulate if the price returns to lower levels (0.000065-0.000062).
For Futures
1. Long Position (Bullish):
Entry: If the price confirms the breakout with volume above 0.00007268.
Target: 0.00008142 and 0.00008630.
Leverage: Keep low (max. x5) due to the high volatility of LUNC.
2. Short Position (Bearish):
Entry: If the price cannot hold above 0.00007026 and falls back below 0.000068.
Target: 0.00006209 (lower limit of Bollinger).
Stop-Loss: 0.000072.
3. Risk Management:
Use a maximum of 1-2% of total capital at risk per trade.
Adjust leverage according to market volatility.
3. Forecast
1. Short Term:
Probability of consolidation or slight correction, given the extreme overbought level in the Stochastic RSI.
If the support at 0.00007026 holds, the price could move towards 0.00008142.
2. Medium Term:
If the price breaks 0.00008142 with volume, it could target 0.00008630.
However, global bearish pressure could reappear near these key levels.
3. Risks:
High volatility in the cryptocurrency market.
If the key support at 0.00007026 is lost, we could revisit recent lows (0.00006209).
Summary
Spot: Accumulation strategy at support and profit-taking at key resistances.
Futures: Alternate between long and short according to key levels, prioritizing risk management and moderate leverage.
Forecast: Moderate bullish movement if the key support holds, but watch for corrections at overbought levels.
