LUNC Death Spiral Initiated
Entry: 0.0508 – 0.0515 🟩
Target: 0.0495 🎯
Target: 0.0486 🎯
Target: 0.0478 🎯
Stop Loss: 0.0538 🛑
$LUNC attempted a crucial breakout but was violently rejected at the upper resistance band. That sharp rejection confirms sellers are in complete control of the structure. The recent bounce inside the channel was nothing more than a bull trap. We are now favoring a major continuation to the downside. If the lower trend support breaks with volume, the entire floor collapses. This is a high-conviction short setup based on undeniable technical weakness. Do not ignore this signal.
This is not financial advice. Trade at your own risk.
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LUNC
0.00006468
+31.35%
