đ Update on $LUNC/USD â Inverse Head and Shoulders Breakout
The chart displays a classic Inverse Head and Shoulders pattern, a strong bullish indicator suggesting potential upward momentum for $LUNC. After forming a solid left shoulder, head, and right shoulder, we see the price breaking upwards into an ascending wedge, which often signals continuation in the bullish trend.
Key price levels:
Support: 0.00007775Resistance: 0.00011572
This breakout could lead to significant gains, but always proceed with caution as wedge patterns can sometimes lead to a pullback.
Takeaway:
đ Bullish Signal: Strong potential for further upside based on the inverse head and shoulders pattern.đĄ Action: Ideal for long-term traders who want to capitalize on bullish trends, but stay mindful of potential resistance near the top of the wedge.
