$1000LUNC – Short Update 📉
Price is hovering near resistance but still failing to break through with strength. The upside looks exhausted, with momentum slowing on every push.
🔹 Structure: Lower highs forming, showing weakness
🔹 Momentum: Fading, no strong continuation
🔹 Bias: Bearish below resistance
As long as price stays capped under the resistance zone, the short setup remains valid. A rejection here could trigger the next move down.
🎯 Watch for:
• Weak breakouts / fake moves above resistance
• Rejection wicks on pushes up
• Volume declining on bullish attempts
Stay disciplined — a clean breakout and hold above resistance would invalidate the setup.
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