LUNC/USDT – 30M – SELLThe combination jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.000089550 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.000093960 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 8.9E-5 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.000093960 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000099930 |
| 2nd High | 0.000097390 |
| Next High | 0.000093960 |
| Current Price | 0.000089600 |
| Next Low | 0.000089550 |
| 2nd Low | 0.000089000 |
| 3rd Low | 0.000087360 |