Technical Analysis ($LUNC
/USDT
Current Price: 0.00010845 USDT
Support Zone: 0.00010693 USDT
Resistance Zone: 0.00011894 USDT
Key Technical Indicators:
RSI (14): Neutral (~50) - indicating balanced buying and selling pressure.
MACD: Positive, suggesting bullish momentum.
EMA (50) & EMA (200): Price above both EMAs, indicating an uptrend.
Volume: Slight increase in volume, confirming upward momentum.
Trade Signal:
Momentum: Bullish. Given the positive momentum indicators (MACD, price above key EMAs), there is potential for the price to rise further.
Target Levels 🎯:
1. Target 1: 0.00011200 - a conservative resistance area based on recent price action.
2. Target 2: 0.00011550 - a moderate target near the 50 EMA.
3. Target 3: 0.00011894 - strong resistance point aligned with the 24-hour high.
Trade Recommendations:
Entry: Consider entering the trade if the price holds above 0.00010693 USDT with confirmation from increased volume.
Stop Loss: Set below 0.00010600 for protection in case of a sharp drop.
Take Profit: Exit progressively at Target 1, Target 2, and Target 3 as the price moves upward.