Market Analysis: LUNC Technical Outlook
I’ve been tracking the price action on $LUNC and the recent rejection is a clear sign that the bears are still in total control. We saw a brief attempt by the bulls to reclaim lost ground, but the MA(25) acted as a brick wall, sending the price right back to its support levels. The lack of buying conviction at these lows is a red flag, and the current candle structure suggests we are about to see another liquidity flush. I’m leaning heavily toward the short side until we see a meaningful structural shift.
Signal: Short
Entry Zone: 0.00009100 – 0.00009150
Target: 0.00008800
Stop Loss: 0.00009300