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$LUNC Price Analysis: Potential Bounce in Play?
The market might be moving slow, but the structure is starting to whisper something interesting. After a recent sharp dip, we saw a rapid recovery—price refused to stay below the lows, suggesting that sellers are losing their grip and buyers are stepping in to defend the range.
📉 Technical Outlook
Currently, LUNC is hovering around 0.0000380. This specific zone has proven to be reliable short-term support on the lower timeframes (LTF). The key to this setup is the "Higher Low" structure; as long as we hold above 0.0000376, the bulls have a fighting chance at a reversal.
⚡ Short-Term Trade Setup
Entry Zone: 0.0000378 – 0.0000381
Stop Loss: Below 0.0000372 (A clean breakdown invalidates the thesis)
Take Profit Targets:
🎯 0.0000389
🎯 0.0000396
⚠️ Strategy Note
Patience is key. This setup relies on price maintaining support and volume flowing back in. If the volume fades or support crumbles, it’s better to remain on the sidelines. Manage your risk carefully.
Nabiha Noor
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