$LUNC /USDT Bearish Continuation Setup
Technical Analysis:
$LUNC/USDT is showing a strong bearish momentum after failing to hold above the 0.00006067 resistance level. The price has been consistently making lower highs and lower lows, indicating continuation of the downtrend. The 24h high at 0.00006854 has acted as a rejection point, while support near 0.00005374 is being tested repeatedly. Short-term indicators suggest sellers are in control, and any minor pullbacks could provide selling opportunities.
Trade Setup:
Entry Range: 0.00005450 – 0.00005550
Target 1: 0.00005000
Target 2: 0.00004750
Target 3: 0.00004500
Stop Loss (SL): 0.00005750
Short Market Outlook:
The overall trend remains bearish. If price breaks below the immediate support at 0.00005374 with high volume, we may see a continuation toward lower psychological levels. Watch for pullbacks to resistance for shorting opportunities. A failure to hold current support could accelerate the downtrend.
