LUNC/USDT – 1H – SELLThe combination jumps from the ascending trendline downwards
A bearish descent down to the next support line at 0.000081630 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000090000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 8.5815E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000090000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000095160 |
| 2nd High | 0.000091350 |
| Next High | 0.000090000 |
| Current Price | 0.000086540 |
| Next Low | 0.000081630 |
| 2nd Low | 0.000078380 |
| 3rd Low | 0.000073320 |