$LUNC market update 🔴
Terra classic price 3% drop in the last 24 hours with bearish technical indicators, suggesting further downward momentum. Smart money outflow also contributed selling pressure. However, the strong support zone at $0.0000334 is potential to watch for short traders. make sure your entry at the breakout of the support zone.
* Entry Point: 0.00003340 (Wait for a confirmed break and candle close below this immediate support level).
* Target 1: 0.00003200
* Target 2: 0.00003100
* Stop Loss: 0.00003425 (Placed just above the EMA(25) to protect against a trend reversal).
Remarks for Short Traders
The price is currently showing heavy bearish momentum, trading below the EMA(7), EMA(25), and EMA(99) cluster. The RSI is oversold at ~14, which suggests a high risk of a "dead cat bounce" before further downside. Only enter the short if the current support at 0.00003340 fails to hold; otherwise, wait for a minor retracement to the EMA(7) for a better risk-to-reward entry.
