LUNC/USDT – 4H – SELLThe combination jumps from the bullish trendline downwards
A descending movement downwards to the next support line at 0.000085140 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000109900 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 7.9639E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.000109900 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000109900 |
| Current Price | 0.000087020 |
| Next Low | 0.000085140 |
| 2nd Low | 0.000081630 |
| 3rd Low | 0.000078380 |