Hi guys,
LUNC has been consolidating in a box since November 2022. Its pattern is interesting.
We can see that there is likely a false break-down after recent moves of LUNC. Based on Wyckoff methodology, it could be a Second Test in Phase B or a Spring Test.
In both cases, it's logical that prices will retest the higher range.
As these reasons, the proposed setup is in chart.
And you, what's your view on this crypto, almost forgotten?
LUNC has been consolidating in a box since November 2022. Its pattern is interesting.
We can see that there is likely a false break-down after recent moves of LUNC. Based on Wyckoff methodology, it could be a Second Test in Phase B or a Spring Test.
In both cases, it's logical that prices will retest the higher range.
As these reasons, the proposed setup is in chart.
And you, what's your view on this crypto, almost forgotten?
Comment:
Trade closed due to bad macro context (linked to banks)
Trade active:
Trade reactivated
Comment:
+8% but still has much room to grow
Trade closed manually:
Closed before Fed meeting
Trade active
Comment:
Every coins have gone up. Why does LUNC still consolidate below the range?
Comment:
LUNC prices are at lower trendline of a falling wedge
Comment:
I close this trade because LUNC breaks the wedge's lower trendline
Trade closed manually
