LUNC/USDT – 1H – SELLThe combination jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 0.000087910 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000090770 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 8.6605E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000090770 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000092960 |
| 2nd High | 0.000091570 |
| Next High | 0.000090770 |
| Current Price | 0.000089030 |
| Next Low | 0.000087910 |
| 2nd Low | 0.000080250 |
| 3rd Low | 0.000078380 |