My $1000LUNC chart (1H, 4H, and Daily) analysis shows a powerful, high-volume breakout and an established short-term uptrend. The price is currently consolidating near its recent high, holding well above the Moving Averages (MA(7), MA(25)), indicating strong bullish momentum. The recent price surge is driven by network upgrade news and aggressive token burns.
DirectionLONGStrong continuation momentum, price holding key support, and high volume indicates the bullish move is still active.
Entry$0.06350 - $0.06450Buy into the current consolidation/small pullback from the recent high, aiming for a move to new highs.
Exit (Take Profit)$0.07000 - $0.07200Target the next psychological resistance level and prior swing highs.
Stop Loss$0.06000Place the stop below the most recent major consolidation support and the short-term MA(7) to protect capital.
Importan Note: Based on the recent price action and fundamental news, the immediate sentiment for 1000LUNCUSDT is still leaning towards the upside, but a sharp correction (a "dump") is possible after such a big move.
1000LUNCUSDT
Perp
0.05567
-12.28%