LUNC/USDT – 1H – SELLThe currency pair jumps from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.000084000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000099930 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 8.4E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000099930 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000109900 |
| Next High | 0.000099930 |
| Current Price | 0.000087450 |
| Next Low | 0.000084000 |
| 2nd Low | 0.000081630 |
| 3rd Low | 0.000078380 |