LUNC/USDT – 1H – SELLThe pair jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 0.000080310 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000092230 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 8.3E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000092230 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000109900 |
| 2nd High | 0.000101640 |
| Next High | 0.000092230 |
| Current Price | 0.000081380 |
| Next Low | 0.000080310 |
| 2nd Low | 0.000080250 |
| 3rd Low | 0.000078380 |