$LUNC just got rejected at the local high on the hourly timeframe, and the chart is starting to look a bit shaky short term
After the recent push upward, momentum appears to be slowing down near resistance, which could open the door for a pullback toward the 0.00008000 support zone next.
That level is important because:
✅ It acted as a previous breakout area
✅ Liquidity is building around it
✅ Buyers will likely defend it aggressively
✅ A breakdown there could trigger more downside volatility
Right now, I’m watching:
📌 Whether sellers maintain pressure
📌 Volume during the pullback
📌 Any bullish reaction around 0.00008000
📌 Potential liquidity sweeps before continuation
If bulls hold the level cleanly, this could simply become a healthy retest before another move higher.
But if support starts failing, short-term momentum could shift bearish quickly.
Eyes on that zone very closely.
#RMJ_trades
#SECHaltsInnovationExemption
#ARMABillIntroducedWith20YrLockup
#BitcoinBreaksBelow75KAsWarshTakesFedHelm
After the recent push upward, momentum appears to be slowing down near resistance, which could open the door for a pullback toward the 0.00008000 support zone next.
That level is important because:
✅ It acted as a previous breakout area
✅ Liquidity is building around it
✅ Buyers will likely defend it aggressively
✅ A breakdown there could trigger more downside volatility
Right now, I’m watching:
📌 Whether sellers maintain pressure
📌 Volume during the pullback
📌 Any bullish reaction around 0.00008000
📌 Potential liquidity sweeps before continuation
If bulls hold the level cleanly, this could simply become a healthy retest before another move higher.
But if support starts failing, short-term momentum could shift bearish quickly.
Eyes on that zone very closely.
#RMJ_trades
#SECHaltsInnovationExemption
#ARMABillIntroducedWith20YrLockup
#BitcoinBreaksBelow75KAsWarshTakesFedHelm