LUNC has just undergone a long drop, but what’s noteworthy is that the price has completely stopped the selling pressure when it reached the level of 0.000054. Looking at the 30m chart, one can clearly see a series of bottoms being held by small candlesticks, which is typical of the stealth accumulation by the group that previously traded LUNC in earlier rounds. The bounce up to 0.000060 this morning is a clear signal that the money flow is starting to react.
Importantly, after the bounce, LUNC did not drop back significantly but only moved sideways around 0.0000559. This is a form of compression before choosing a direction. If LUNC surpasses 0.0000588, the likelihood of a rapid rise to 0.0000620 will occur very quickly because the zone above is very thin. The scent of a rebound wave is spreading.
