$LUNC
The Fresh Update is a new, quiet chart that still shows a lot of what's going on.
LUNC is once more an interesting coin to be aware of.
This coin has been sleeping for some time and a lot of traders have neglected it. But then, there are times when the best setups begin when the crowd has nothing going on and the chart is moving slow.
What LUNC really needs right now is good confirmation.
It is not sufficient with a small pump. To have momentum, price must break out of the zone and stay above the zone. Should buyers be able to support and volume returns, then LUNC can slowly begin to make a more substantial move.
However, it is not a coin that you should pursue blindly.
LUNC has history, hype, and garnered significant community attention, but price action is paramount. When the chart confirms, then it can get interesting as for the setup. When support breaks, it is better to show patience rather than do emotional buying.
The plan for me is simple:
Watch support.
Wait for volume.
Avoid moving towards green candles.
Only take risks when clean.
LUNC has the ability to catch the market off guard when it re-enters a strong position, but the better strategy is to wait until this is confirmed on the chart.
My opinion: LUNC is still alive but it's the confirming that's the key. Sometimes patience will lead the way in the entry, rather than hype.$LUNA
