$LUNC USDT Technical Outlook
I’ve been watching the LUNC price action closely, and after that recent local top at 0.00007119, we are starting to see some significant exhaustion from the bulls. The price has slipped back into a consolidation zone, and the rejection candles suggest that sellers are stepping in to defend the upper range. Currently, the price is struggling to maintain its footing above the immediate Moving Averages, indicating a loss of momentum.
Trade Signal: SHORT
Entry Zone: 0.00006660 - 0.00006750
Target 1: 0.00006510
Target 2: 0.00006350
Stop Loss: 0.00006950