This move by LUNC is pretty interesting. After a violent surge, it's moving sideways, showing the operator's steady hand. After putting in so much effort to push it up, there's no way they'll dump it easily.

Looking at the funding rate, it's ridiculously high—really reminiscent of PIPPIN back in the day. With this kind of market action, the shorts are likely in for a lesson. Market sentiment is clear, and the bulls are obviously in control.

That said, how long this sideways movement can last depends on the trading volume. No matter how strong the operator is, they still need the market's cooperation. In the short term, shorting carries considerable risk.