LUNC/USDT – 1H – SELLThe currency pair goes from the ascending trendline down.
The bearish trend down to the next support at 0.000088120 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.000092790 is also possible.
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 is likely expected. Target of the current trend is 8.921E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000092790 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000093450 |
| 2nd High | 0.000093000 |
| Next High | 0.000092790 |
| Current Price | 0.000090790 |
| Next Low | 0.000088120 |
| 2nd Low | 0.000087740 |
| 3rd Low | 0.000085420 |