[LUNC] Clinton Daily Analysis June 24

24-hour trend [down]

[Buy and sell points]

Buy point 1: 0.00007000 USDT (close to the previous low support level, and the integer level may generate buying orders)

Buy point 2: 0.00006850 USDT (further down to a stronger support area, and more than 1% away from buy point 1)

Buy stop loss point: 0.00006750 USDT (set below buy point 2, the distance is not greater than half of the distance between buy point 1 and buy point 2)

Sell point 1: 0.00 008000 USDT (rebounded to near EMA7, with strong pressure)

Selling point 2: 0.00008200 USDT (further upward to near EMA30, with increased selling pressure)

Short stop loss point: 0.00008300 USDT (set above selling point 2 to ensure sufficient safety margin)

[Price trend analysis]

K-line pattern:

The recent price has shown a clear downward trend, especially the sharp drop on June 22 (from 0.00009081 to 0.00007644), forming a long negative line. From June 17 to June 24, there were multiple high-level pullbacks, showing heavy selling pressure from above.

Technical indicators:

MACD: Both DIF and DEA are below the zero axis, and the MACD histogram continues to be negative, indicating that the market is in a bearish market. RSI: The RSI14 value is around 26, close to the oversold zone, but has not yet entered the extreme oversold state. There may be a rebound demand in the short term. EMA: EMA7, EMA30 and EMA120 are all diverging downward, and the current price is lower than all moving averages, further confirming the downward trend. Pay special attention to the pressure of EMA7 (0.00008296) and EMA30 (0.00009866).

Volume:

The volume on June 22 was significantly enlarged, reaching 1238361950663, accompanied by a sharp drop in prices, indicating a large outflow of funds. The volume decreased in the following days, but remained at a high level, indicating that market sentiment is still bearish.

Comprehensive analysis:

At present, LUNC/USDT is in a clear downward trend, and both technical indicators and volume support this judgment. In terms of operation, we should be cautious about rebound opportunities and pay attention to key integer points and previous low support.

Recommended trading strategy:

Short: If the price rebounds to around 0.00008000, you can consider shorting, and set the stop loss above the previous high of 0.00009265, that is, 0.00009300. Long: If the price continues to fall and stabilizes around 0.00007000, you can consider long with a light position, and set the stop loss at the previous low of 0.Below 00007112, which is 0.00007050.$LUNC