$LUNC Last night, LUNC surged onto the gainers' list, closing the day with an 80% increase. This coin is likely to be delisted soon, with a daily trading volume of only 1 million dollars. Your rise is impressive, but the shorts are steady, and they are very stable. Reason: First, look at the weekly chart. Since February, it has been consolidating, and on October 6th, it suddenly broke down from the platform with high volume. Those who bought and held for 8 months were all trapped, so when it rises to the consolidation area, there will be significant selling pressure. That's why yesterday's highest price reached 7063, resulting in a shooting star. The daily chart shows a strong bullish candle but with a long upper shadow. The key is the trading volume; compared to historical daily volume, yesterday was the highest, which indicates a massive volume at a high price. The daily chart's strong bullish candle seems not to indicate a short position. No worries, let's take a look at the 4-hour chart. The 4-hour chart looks stable; that line at 4 o'clock is at the top, and it shows massive volume and stagnation. As long as the liquidation price is above 7063, everything is fine. Wait for a rebound to 61 to short; I entered the first position at 84 and expect to go back and forth within a few days.
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