LUNC/USDT – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.000087400 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000092960 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 8.4E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000092960 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000109900 |
| 2nd High | 0.000099930 |
| Next High | 0.000092960 |
| Current Price | 0.000088670 |
| Next Low | 0.000087400 |
| 2nd Low | 0.000084000 |
| 3rd Low | 0.000081630 |