$LUNC LUNC/USDT: StochRSI Signaling a Pivot?
Following up on the previous update, $LUNC is showing high-sensitivity signals on the StochRSI (Stochastic RSI).
StochRSI Insights:
Deep Oversold: The StochRSI has bottomed out near the 0 level. Historically, when both the standard RSI(6) and StochRSI are at these extremes simultaneously, it suggests the current selling pressure is "exhausted."
The Bullish Cross: Watch for the blue line (K) to cross above the orange line (D) while in this bottom zone. A confirmed "bullish crossover" at the 0–20 range is a classic signal for a short-term trend reversal or relief rally.
Momentum Shift: While the price is still hugging the lower Bollinger Band, the StochRSI usually leads price movement. If it begins to slope upward, a retest of the 0.00004050 resistance could be next.
The Strategy: Traders often wait for the StochRSI to cross back above the 20 mark for safer entry confirmation. Until then, the trend remains bearish but "stretched."
Is this a "buy the blood" moment or a falling knife? Let me know your thoughts! ✍️
#LUNC #TechnicalAnalysis #StochRSI #CryptoTrading #BinanceSquare
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.
