Recent LUNC performance is noteworthy. Technically, although a series of approximately 20 points appears strong, a closer look at multiple timeframes will reveal signs — with the 15-minute level forming a clear double top pattern, while the hourly and 4-hour charts show clear signals of pullback and decline, often indicating high pressure.
From a trading perspective, currently around the price level of 0.0448, you might consider short positions at the highs, with a stop-loss above 0.0467. If you are profit-taking in stages, you can focus on key levels at 0.043, 0.0412, and 0.037 respectively. Once it collapses, there is still room for further decline. However, it should be reminded that although technical signals point to the downside, there are market variables, and it is recommended to control exposure to risk and avoid over-leverage (excessive leverage). Individual investors should be particularly cautious of long traps and ensure their stop-loss plans are clear before continuing the upward move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Recent LUNC performance is noteworthy. Technically, although a series of approximately 20 points appears strong, a closer look at multiple timeframes will reveal signs — with the 15-minute level forming a clear double top pattern, while the hourly and 4-hour charts show clear signals of pullback and decline, often indicating high pressure.
From a trading perspective, currently around the price level of 0.0448, you might consider short positions at the highs, with a stop-loss above 0.0467. If you are profit-taking in stages, you can focus on key levels at 0.043, 0.0412, and 0.037 respectively. Once it collapses, there is still room for further decline.
However, it should be reminded that although technical signals point to the downside, there are market variables, and it is recommended to control exposure to risk and avoid over-leverage (excessive leverage). Individual investors should be particularly cautious of long traps and ensure their stop-loss plans are clear before continuing the upward move.