LUNC/USDT – 1H – SELLThe currency pair goes from the bullish trendline down.
A descent downwards to the next support level at 0.000089000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000091900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 9.0075E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000091900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000092790 |
| 2nd High | 0.000092680 |
| Next High | 0.000091900 |
| Current Price | 0.000091020 |
| Next Low | 0.000089000 |
| 2nd Low | 0.000087360 |
| 3rd Low | 0.000085420 |