$LUNC is showing continued bearish pressure on the 1H chart.
Price has dropped to around 0.07012 (-4.83%), and momentum still favors sellers in the short term. The structure suggests lower highs and sustained downside follow-through, which keeps the next support zone around 0.06600 in focus if the trend continues.
That said, after sharp drops like this, short-term relief bounces can still occur, so traders should be cautious about chasing momentum without confirmation.
For now, the market remains under pressure, and the key question is whether buyers can step in near support or if sellers keep driving it lower.
#RMJ_trades
#HToken210PctBouncePostExploit
#SaylorHintsStrategyBitcoinBuy
#USIranDealConfirmed
Price has dropped to around 0.07012 (-4.83%), and momentum still favors sellers in the short term. The structure suggests lower highs and sustained downside follow-through, which keeps the next support zone around 0.06600 in focus if the trend continues.
That said, after sharp drops like this, short-term relief bounces can still occur, so traders should be cautious about chasing momentum without confirmation.
For now, the market remains under pressure, and the key question is whether buyers can step in near support or if sellers keep driving it lower.
#RMJ_trades
#HToken210PctBouncePostExploit
#SaylorHintsStrategyBitcoinBuy
#USIranDealConfirmed
