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Luncshort

$LUNC - Second bite at the apple!Nice - so CZ Binance giving us a second chance to make some bear market MONEY1!! Agreed to a CEX on chain burn - turnover ~250k daily in a $2bn market cap Previous realities with regards to utility still stand... LUNC is going to crash and burn - Fundamentals are appalling HOWEVER!!!! Right now seeing a good example of late shorters getting squeezed TF out > and expect a continuation run up to the resistance and prior unfilled gaps around around 0.0004 mark. Then we're heading south again! FIll your boots, expect volatility and set stop appropriately. Margin as per risk tolerance. This is 5+ R:R trade minimum
Short
by Flyte-X
5
Five Wave move for LUNC completeAs ever, i'm no Elliot Wave count expert, but looks as though LUNC has completed a 5-wave up move. Nicely up to the previous swing high of ~16000. The fact that this 5 wave move is in itself part of a longer time move, and this is simply wave-1; only time will tell. If that is the case, maybe bring our attention to the 0.618 retracement zone to look for where price might land. As messy as it is, and im sorry for that, but here you have some horizontal lines of resistance/support to watch on any retracement. Also overlaid is the fibonacci retracement mapping, with the key lines. Wishing you all the best as ever.
LShort
by t_trad_coach
2