$1000LUNC Long Liquidation: $9.4217K at $0.06378
A $9.42K long liquidation at $0.06378 shows buyers failed to defend support, leaving trapped longs who may exit on rebounds. This converts the liquidation area into short-term supply as selling pressure increases during retests.
Next Move
Remaining below $0.06361–$0.06392 keeps longs trapped and favors continued downside as they unwind on bounces.
Targets Bearish Follow-Through
TG1: $0.06327
TG2: $0.06284
TG3: $0.06219
Pro Tip
Avoid shorting the breakdown candle. Wait for a retest into $0.06361–$0.06392 and take continuation only if rejection forms, ensuring controlled-risk entry.
