$1000LUNC bouncing off intraday resistance after a weak rebound. The price is forming lower highs on the short-term charts and failing to reclaim the 0.0360â0.0365 zone.
Momentum favors sellers unless the resistance is broken with conviction.
Trade setup â Short $1000LUNC (max 10x) â ïžâ ïžâ ïžâ ïž
Entry: 0.0356 â 0.0362
TP1: 0.0349
TP2: 0.0340
TP3: 0.0330
SL: 0.0368 đđđđ
As long as price stays below 0.0365 resistance, further decline is more likely. Secure partial profits at TP1 and watch the market as selling pressure grows.
