$LUNC Update 📉 | Bears in Control
LUNC remains in a strong 4H downtrend despite being heavily oversold on lower timeframes. A relief bounce is possible but the overall structure still favors sellers. Avoid rushing into longs until price stabilizes and reclaims MA7.
Key Levels
* 0.00004565: Potential bounce support; confirmation needed.
* MA7: Reclaim required for a stronger bullish signal.
* Strategy: Wait for a base to form before considering a long.
LUNC remains in a strong 4H downtrend despite being heavily oversold on lower timeframes. A relief bounce is possible but the overall structure still favors sellers. Avoid rushing into longs until price stabilizes and reclaims MA7.
Key Levels
* 0.00004565: Potential bounce support; confirmation needed.
* MA7: Reclaim required for a stronger bullish signal.
* Strategy: Wait for a base to form before considering a long.