$LUNC 4.4% Pump on 14.5x Volume — Bullish 1H Setup, But Don’t Chase
My bias is bullish on the 1H, but this remains a counter-trend bounce while the daily, weekly, and BTC structure are still bearish. The setup looks interesting, but I want confirmation rather than FOMO.
The 7.66x volume burst pushed LUNC through the 0.00005297 swing-high liquidity and tagged around 0.00005435. I see this as a potential liquidity sweep/climax, so a pullback into demand would offer a cleaner setup.
Key demand zone: 0.00005297–0.00005134
I’m looking for:
- Sweep and reclaim of the demand zone
- Bullish engulfing or 5M/15M market-structure shift
- Rejection wicks holding above 0.00005060
Potential entry zone: 0.00005134–0.00005216
Targets:
TP1: 0.00005435
TP2: 0.00005581
TP3: 0.00005671
Stretch target: 0.00005817
Invalidation: A 1H close below 0.00005060 would weaken the bullish setup and shift my bias bearish.
BTC still matters here. With funding slightly positive and OI relatively flat, I want LUNC to prove its strength before adding risk.
No chase. Wait for the pullback, confirmation, and reclaim.
#LUNC #TerraClassic #CryptoTrading #Altcoins #Binance $LUNC
My bias is bullish on the 1H, but this remains a counter-trend bounce while the daily, weekly, and BTC structure are still bearish. The setup looks interesting, but I want confirmation rather than FOMO.
The 7.66x volume burst pushed LUNC through the 0.00005297 swing-high liquidity and tagged around 0.00005435. I see this as a potential liquidity sweep/climax, so a pullback into demand would offer a cleaner setup.
Key demand zone: 0.00005297–0.00005134
I’m looking for:
- Sweep and reclaim of the demand zone
- Bullish engulfing or 5M/15M market-structure shift
- Rejection wicks holding above 0.00005060
Potential entry zone: 0.00005134–0.00005216
Targets:
TP1: 0.00005435
TP2: 0.00005581
TP3: 0.00005671
Stretch target: 0.00005817
Invalidation: A 1H close below 0.00005060 would weaken the bullish setup and shift my bias bearish.
BTC still matters here. With funding slightly positive and OI relatively flat, I want LUNC to prove its strength before adding risk.
No chase. Wait for the pullback, confirmation, and reclaim.
#LUNC #TerraClassic #CryptoTrading #Altcoins #Binance $LUNC