🚀 $1000LUNC | Has the bullish reversal started to form?
It seems like 1000LUNC is showing a clear bullish reversal structure after a period of selling pressure, as signs of seller exhaustion are appearing with a more stable price base forming.
📊 On the hourly timeframe, a rounded bottom is forming near the local support, while strong bullish candles are beginning to reclaim some short-term resistance levels, indicating a gradual improvement in momentum for the buyers.
📌 Trading Plan (Long Setup)
• Entry Zone: $0.07873 – $0.08641
🛑 Stop Loss: $0.07813
🎯 Target 1: $0.08727
🎯 Target 2: $0.08784
🎯 Target 3: $0.09010
📈 The idea relies on buyers continuing to defend the current support area and the momentum gradually shifting towards the bullish direction, especially after breaking through some nearby local resistances.
⚠️ Despite the improved technical structure, highly volatile coins require strict risk management and avoiding over-leveraging or oversized positions.
$1000LUNC
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