FieryTrading

🔥 LUNC Giving Away All Gains; Reversal When?

Short
BINANCE:LUNCBUSD   LUNC / Binance USD
LUNC has seen a massive pump during the early days of September. However, every since then the token has been trading bearish and has given away almost all gains.

In my view, there's little stopping LUNC from losing more value in the near future. Apart from the questionable investment prospects, the market is just looking terrible at the moment.

I'm looking at the yellow support zone for a potential reversal. The token is still very volatile, so a strong bullish move is to be expected after a sell-off.

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