LUNC bottom is in

LUNC has continue to declined since september 2022. In my opinion, the bottom is formed for LUNC. Here are my points:

• The long-term resistance trendline had been broken
  
• A double bottom pattern was formed and broken
  

LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.

A reference setup is as in chart.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Trade wurde manuell geschlossen:

Wait for BTC to bounce from 33K to re-entrer

Trade ist aktiv:

I bought (spot) Lunc at this price

Kommentar:

CMF indicator is breaking out

Kommentar:

Here we go. almost 40% since my entry

Kommentar:

LUNC retested the neckline and is bouncing hard. It is heading the TP2:

Kommentar:

95% since entry. TP2 hit

Kommentar:

+130% since entry. LUNC price is heading TP3

Trade geschlossen: Ziel wurde erreicht:

TP3 reached, with 167% since entry. I'll wait for a new trade with LUNC.
Thanks for reading (and trading if you're in).