$LUNC I'll say upfront—I don't believe in this coin for the long term, but right now the chart is showing a coil tightening around $0.000041–$0.000045, and I'm expecting a strong local move. The ecosystem is dead, so I'm trading purely speculatively based on two scenarios I understand:
If volume picks up after the lull and we hold above $0.000055, I'm expecting a quick pump on news about token burns. My profit-taking targets are $0.000075 and $0.000100.
For me, the critical level is $0.000040. If the daily candle closes below it, I’ll close all positions, because the coin is guaranteed to plunge to $0.000030.
I entered with a small position at current levels. I set a firm stop just below $0.000039. If it works out, I’ll take quick gains; if not, I’ll exit with minimal losses.