$LUNC The Bearish Case (Wait for Confirmation)

Headline: LUNC Under Pressure – Can Support Hold? 📉

$LUNC is struggling to maintain momentum, down nearly 5% today. Despite the community hype, the chart suggests we aren't out of the woods yet.

Why I’m Cautious:

Bearish Trend: We are currently "hugging" the lower Bollinger Band. Without a strong volume spike, the path of least resistance remains downward.

Support Breach: If we lose the 0.00003750 floor, the next major support isn't until the 0.000036 zone.

Market Sentiment: Legal overhangs and high circulating supply continue to cap the upside. The "oversold" RSI can stay oversold for a long time in a downtrend.

Strategy: I’m staying on the sidelines until we see a confirmed break above the 20-day EMA. Protection of capital is priority #1. 🛡️

What’s your exit plan? 👇

#LUNC #Bearish #RiskManagement #CryptoAnalysis #TradingTips

Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.