🔥 LUNC Near Strong Resistance: New Sell-Off?
Diupdate
A couple of days ago I made an analysis on LUNC and the bearish move it made after forming a head & shoulders pattern. The sell-off that followed adhered to a strong down sloping resistance line, purple. Will LUNC reverse again?
In my view, there's a decent probability that LUNC will face heavy resistance around this area. However, be aware that LUNC has already retraced almost 60% from the top, so a big bounce is to be expected at some point.
I'm not 100% convinced yet that this resistance will hold. Hence I'll wait for what the market will do. Patience is key.
Nevertheless, my target at 23,000 from my previous analysis still holds.
In my view, there's a decent probability that LUNC will face heavy resistance around this area. However, be aware that LUNC has already retraced almost 60% from the top, so a big bounce is to be expected at some point.
I'm not 100% convinced yet that this resistance will hold. Hence I'll wait for what the market will do. Patience is key.
Nevertheless, my target at 23,000 from my previous analysis still holds.
Catatan
Resistance broken. Good job bulls🔥Might see more funds piling in, looking at the 38k area now.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.