$LUNC Based on the bearish rejection and the heavy selling volume seen in your screenshot, here is the technical setup (signal idea) for the immediate short term.
ā ļø Warning: The market is volatile. Use strict risk management.
š“ SHORT SETUP (Sell)
* Symbol: 1000LUNC/USDT (Futures)
* Direction: SHORT
* Leverage: Cross 20x (Adjust based on your risk)
Entry Zone:
* Aggressive: Market Price (0.0386 - 0.0388)
* Safe: Limit Order at 0.0392 (If it bounces slightly)
šÆ Take Profit (TP) Targets:
* TP 1: 0.03785 (Just above the recent wick low - fast profit taking)
* TP 2: 0.03650 (Next liquidity pool lower)
* TP 3: 0.03500 (Major extension - leave a "runner" open)
š Stop Loss (SL):
* SL: 0.04060 (Invalidation point: If it goes back above 0.0400 and holds, the bearish setup is failed).
š Rationale:
The price has aggressively rejected the 0.0434 high and broken market structure to the downside. The RSI (37) has room to drop further before being oversold. We are targeting the breakdown of the weak support at 0.03782.
Disclaimer: This is technical analysis, not financial advice. Trade at your own risk.