Technical Analysis Report: $LUNC /USDT
Current Price: $0.00009483 USDT
Resistance: $LUNC /USDT is facing resistance at $0.00009780. This level has recently acted as a short-term barrier for upward movements. A breakout above this resistance could signal increasing buying interest, potentially leading the price towards the 24-hour high of $0.00010420.
Support: The current support level for LUNC/USDT lies at $0.00009303, which is the recent low observed within the 24-hour trading period. If the price breaches this support level, it may continue to drop further, testing lower support levels.
Trade Recommendation:
Long Trade: Traders could consider entering a long position if LUNC/USDT successfully breaches and holds above $0.00009780, targeting the recent high of $0.00010420. A stop loss should be placed just below $0.00009303 to mitigate potential losses.
Short Trade: If LUNC breaks below the support at $0.00009303, it might be prudent to initiate a short position, aiming for further lows. Placing a stop loss slightly above $0.00009303 would help manage risk effectively.
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