LUNC has been in a descending channel since September 2022, almost 9 months.
It prices have been trading around $0.00009 for 45 days. Below this zone, there is no historic buyer/seller.
When looking at the volume, one can see a very big buy pressure w.r.t before. Volume indicator CMF is about to break its resistance trendline (on 3D TF). This would trigger or support a breakout of the descending channel.
In my opinion, it would be a good idea to buy here and wait patiently to sell at previous trading areas $0.00124 and $0.00017.
Note
LUNC is trying to break the long-term trendline
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.