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$LUNC Trying to stabilize after one of the cleanest sell-offs in the market.
The market has been declining for several consecutive trading days with almost no bullish response, but now initial signs of absorption are beginning to appear in the $0.000075–$0.000081 range. The sharply rebound candle body indicates that buyers are finally starting to step in after panic selling has been exhausted.
But this is not yet a confirmed reversal signal.
The price is still below the main recovery level, and unless momentum continues to strengthen, it’s easy to see lower highs being rejected again.
📊 Bias: Recovery rebound / High volatility
EP: 0.0000790 – 0.0000815
🎯 Targets:
TP1: 0.0000850
TP2: 0.0000895
TP3: 0.0000940
🛑 Stop loss: 0.0000740
LUNC is performing well in an emotional trading environment—and the current chart is entering such a phase. If buyers can maintain pressure above the local bottom, upward expansion could accelerate rapidly.