They have enjoyed the party, but the chart is about to slap back. With a rise of +138% and the RSI boiling over 94, the indicators do not lie: $LUNC is in forced correction zone.
The bearish rebound is not a possibility, it is a matter of time.
📉 Three Signals That The Bubble Is About To Burst:
RSI in Cataclysm Mode (94+!): The Relative Strength Index (RSI) is screaming "extreme overbought". This is not sustainable. The law of trading gravity dictates that, after a vertical movement like this, profit-taking will be brutal. Those who do not sell will be liquidated.
Exhaustion Volume: We have seen a crazy volume, but when the frenzy stops (and it will), the last buyers will be trapped at the top. This creates a cascade of sales as panic takes over the market, pushing the price much faster than it rose. $LUNC
Massive and Imminent Profit Taking: Traders who bought at the bottom (the floor) already have profits of 100% or more. Their only goal now is to secure that money. As soon as the first big "whale" closes their position, a wave of panic and dumping will be triggered that could erase weeks of gains in minutes.
🔪 THE WHIP OF $LUNC IS GOING TO LEAVE A TRAIL OF BLOOD!
Get ready to see a correction that could take the price back to EMA(20) and EMA(50) support levels — a pullback of 30% to 50% is completely feasible.
This is not FUD, it is the market cycle in action. Those who hesitate will be the bait for the sharks.
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