🔥
$LUNC : The Calm Before the Storm on January 16 🗓️
Tomorrow is a historic day for the Terra Classic community with the official dissolution of Terraform Labs. The market knows it, and the chart reflects it. 🧐
On the 4H chart, we see that the price of
$LUNC has stabilized above the 99-period moving average (0.00004273). The market seems to be holding its breath.
🔍 What the chart is telling us:
1️⃣ Vital Support: We are testing the MA(99) (violet line) around 0.00004273. Holding this level is crucial for the long-term bullish structure.
2️⃣ Immediate Resistance: The MA(7) and MA(25) are acting as a ceiling in the 0.00004350 zone. We need a candle with volume to break through this barrier.
3️⃣ RSI at 41: The indicator shows that selling pressure is easing, leaving room for a potential rebound if buying volume enters.
🚀 Bullish Scenario? If the "Clean Slate" narrative gains strength tomorrow, this support level we're sitting on could be the springboard to re-attack local highs.
📉 Bearish Scenario? Be cautious of volatility. Losing the violet line on the chart would invalidate the short-term bullish trend.
⚠️ Conclusion: If we lose 0.00004270, we could see a deeper correction. If we rebound, the target returns to the 0.00004450 zone.
I'm watching the volume. Do you think tomorrow we'll see a "Buy the Rumor" or a "Sell the News"? I'll read your comments. 💬
#LUNCCommunity #terraClassicLunc #CryptoNews #trading #burn