🔴 $LUNC
BEARING DOWN - Short Continuation Below 0.000060 📉
$LUNC/USDT is under strong selling pressure! We've broken cleanly below the crucial 0.000060 support, confirming a clear downtrend on the 24H chart (textbook lower highs/lower lows).
If 0.000060 fails to reclaim, the path is clear for further downside. Look for safe entry points on small retracements!
📉 SHORT TRADE LEVELS:
• Entry Range (Short): $0.000054 – 0.000055
• Target 1 (T1): 0.000050
• Target 2 (T2): 0.000045
• Target 3 (T3 - Main Goal): 0.000040
• Stop Loss (SL): 0.000060 (Invalidates the short thesis!)
Downtrend Execution
The structure is unambiguously bearish on the higher timeframe. The breakdown below 0.000060 (which now acts as resistance) is the primary signal.
The setup offers a favorable Risk/Reward of roughly 3:1 to the final target.
The technical bias is strong for a continuation of the downtrend. Proper risk management is non-negotiable—respect the 0.000060 SL!