$LUNC / USDT – Showing Signs of Consolidation! ⏳
$LUNC is currently trading at $0.00006416, showing a very slight gain of +0.06%. The 4-hour chart indicates that the price has been trading within a narrow range for the past few days, suggesting a period of consolidation.
Potential Scenario:
Observation: $LUNC is in a consolidation phase, suggesting indecision in the market. A breakout from this range will likely determine the next direction.
Possible Trade Considerations (Watch for Breakout):
Entry: Consider potential entries on a confirmed break above the resistance around $0.0000648 with increasing volume, or on a break below the support around $0.0000635 if you anticipate a downward move.
Target 1 (if breakout): $0.0000655
Target 2 (if breakout): $0.0000665
Final Target (if breakout): $0.0000670+ (testing previous highs)
Stop Loss (if breakout entry): Place a stop-loss below the breakout level, perhaps around $0.0000645.
Target 1 (if breakdown): $0.0000630
Target 2 (if breakdown): $0.0000625
Final Target (if breakdown): $0.0000620- (testing previous lows)
Stop Loss (if breakdown entry): Place a stop-loss above the breakdown level, perhaps around $0.0000638.
Key Observation: The $0.0000635 - $0.0000648 range is key. Monitor for a decisive break with strong volume to anticipate the next move.
Remember to conduct your own thorough analysis before making any trading decisions. Have a good Monday afternoon in Multan!
