LUNC/USDT – 4H – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.000087360 is certain.
Caution: A possible change in the direction of resistance at 0.000093000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 8.72474E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.000093000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000109900 |
| 2nd High | 0.000093450 |
| Next High | 0.000093000 |
| Current Price | 0.000092950 |
| Next Low | 0.000087360 |
| 2nd Low | 0.000085420 |
| 3rd Low | 0.000080310 |