LUNC/USDT โ Critical Support Test After Sharp Decline
$LUNC #USDT #Crypto #Trading #BinanceSquare
๐ Current State: Price has crashed -25%, breaking below all key moving averages (MA7, MA25, MA99). Trading at a critical juncture near the 24h low.
๐ Key Levels:
ยท Resistance: 0.00005314 (MA25) โ 0.00005741 (MA99)
ยท Immediate Support: 0.00004318 (24h Low)
ยท Next Major Support: ~0.000042 (chart structure)
๐ Market Context: Extreme bearish momentum. Volume is elevated but declining. Price needs to reclaim MA7 (0.00004735) for any short-term relief.
๐ฏ Trade Setups:
โฌ๏ธ LONG Setup (Aggressive Bounce Play):
ยท Entry: 0.0000432 - 0.0000440 (near 24h low, with bullish reversal candle)
ยท TP1: 0.00004735 (MA7)
ยท TP2: 0.00005128 (next resistance)
ยท SL: 0.0000418 (below recent consolidation)
โฌ๏ธ SHORT Setup (Breakdown Continuation):
ยท Entry: 0.0000465 - 0.0000473 (rejection at MA7 / breakdown retest)
ยท TP1: 0.0000432 (24h low)
ยท TP2: 0.0000420 (next support)
ยท SL: 0.0000482 (above MA7 and local high)
โ ๏ธ High Risk Alert: This is a high-volatility asset after a major drop. Trade small, use strict risk management, and wait for confirmation.
Not financial advice. Always do your own research.
