$LUNC is turning into a forced repricing setup.
The move is being driven by the burn/stake narrative plus rising leveraged interest, not just a random chart pump. That matters because LUNC trades emotionally: when the community narrative wakes up, shorts usually underestimate how long the squeeze can stretch.
4H structure: clean breakout from the 0.000048–0.000057 range.
15M structure: pullback after the spike, but still holding above the key breakout area.
RSI is elevated, so chasing the top is dumb. The better trade is the retest.
Trade plan:
Bias: Long
Entry: 0.0000588–0.0000602
SL: 0.0000556
TP1: 0.0000648
TP2: 0.0000685
TP3: 0.0000735
Invalidation is simple: if $LUNC loses 0.000056 with volume, the squeeze failed.
The trap here is obvious — late shorts think “overbought” means “top.” On cult coins, overbought can become the entry fee.