*1000 LUNC USDT* Analysis Update📊👇🏻
🔰LUNC is currently in a bearish trend, with a potential pullback to the premium ranges of the previous wave. The supply range is nearby, with an inside bar overlap, increasing the validity of this area. Investors are seeking sell/short positions in the supply range.
Nearby, there is a supply range that is an inside bar.
The overlap of the flip line has increased the validity of this area.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation level will violate the analysis.
🔰Technical Analysis:
- Relative Strength Index (14): 36.69 (Neutral)
- Stochastic %K (14, 3, 3): 14.29 (Sell)
- Commodity Channel Index (20): -134.14 (Sell)
- Average Directional Index (14): 25.61 (Sell)
🔰Key Levels:
- Support: 0.00015
- Resistance: 0.00025
- Invalidation Level: 0.00030
Market Sentiment:
- Bearish: 70%
- Bullish: 30%
🔰Note:
- Closing a daily candle above the invalidation level will violate the analysis.
- Investors should exercise caution and consider multiple sources before making any investment decisions.
