$LUNC The Bearish Scenario 📉
LUNC: Beware of the Fake-out!
Despite a small bounce to 0.000038, $LUNC remains under heavy selling pressure. The overall trend is still leaning bearish with a -38.56% drop over the last 7 days.
Danger Zone: A breakdown below 0.000037 could trigger a slide toward 0.000030.
Why Bearish? Low volume and the inability to break through the EMA lines suggest the current bounce lacks strength. Recent volatility from legal news (Do Kwon sentencing) keeps the market cautious.
Strategy: Watch for a rejection at the local resistance before considering shorts.
Are you holding or folding? 📉 Stay safe, traders!
#LUNC #Bearish #CryptoAlert #RiskManagement #TradingStrategy
