LUNC/USDT – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.000079570 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.000091350 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
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 7.957E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.000091350 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000095860 |
| 2nd High | 0.000095160 |
| Next High | 0.000091350 |
| Current Price | 0.000081770 |
| Next Low | 0.000079570 |
| 2nd Low | 0.000073320 |
| 3rd Low | 0.000071400 |