LUNC has continue to declined since september 2022. In my opinion, the bottom is formed for LUNC. Here are my points:
LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.
A reference setup is as in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
- The long-term resistance trendline had been broken
- A double bottom pattern was formed and broken
LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.
A reference setup is as in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Trade closed manually:
Wait for BTC to bounce from
33K
to re-entrer
Trade active:
I bought (spot) Lunc at this price
Comment:
CMF indicator is breaking out
Comment:
Here we go. almost 40% since my entry
Comment:
LUNC retested the neckline and is bouncing hard. It is heading the TP2:
Comment:
95% since entry. TP2 hit
Comment:
+130% since entry. LUNC price is heading TP3
Trade closed: target reached:
TP3 reached, with 167% since entry. I'll wait for a new trade with LUNC.
Thanks for reading (and trading if you're in).
Thanks for reading (and trading if you're in).
