Brief Analysis of LUNC/USDT
🔻 General Trend:
The trend remains downward in the short and medium term, but there is a slight rebound signal after the price reached its lowest point at 0.00005564, and the price has started to gradually rise to 0.00005781.
📈 Moving Averages:
The price is now above MA7 (0.00005685), which gives a temporary upward signal.
However, it is still below MA25 and MA99, which means the general trend is still downward.
📊 Trading Volume:
We noticed an increase in trading volume during the last two candles, indicating buying interest, but it has not broken a strong resistance yet.
🧠 Support and Resistance Levels:
Nearby support: 0.00005564
Nearby resistance: 0.00005887 then 0.00006069
📌 Brief Opinion:
I do not recommend buying now for quick speculation, unless the resistance at 0.00005887 is broken with strong trading volume.
It is better to wait for confirmation of breaking MA25 or the appearance of a clear upward pattern.
If you are considering gradual entry for the long term, then enter with a small percentage after a real rebound.
📍 Suggested Strategy:
Monitoring only for now.
In case of breaking resistance with high trading volume, entry can be made for a quick target with a stop loss below 0.000055.
Do not enter with the entire capital now.