LUNC: this time is different?

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.

Yorum:

LUNC is trying to break the long-term trendline