LUNC/USDT – 30M – SELLThe pair jumps from the bullish trendline down.
A bearish movement down to the next support at 0.000085420 will persist.
Caution: A possible trend reversal 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 bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 8.921E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone 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 | 0.000099930 |
| 2nd High | 0.000093450 |
| Next High | 0.000093000 |
| Current Price | 0.000090790 |
| Next Low | 0.000085420 |
| 2nd Low | 0.000080310 |
| 3rd Low | 0.000080250 |