FieryTrading

🔥 LUNC Falling Wedge Break Out: Short-Squeeze Potential!

Long
FieryTrading Updated   
BINANCE:LUNCUSDT   LUNC / TetherUS
LUNC has been massively shorted over the last year, and with good reason, since the token is practically dead.

However, this amount of shorting poses a risk for the bears. If we get more bullish price action in the near future, the amount of shorts being squeezed (liquidated) could result in a huge bullish move upwards. For now it's just speculation, but it's certainly a possibility.

At the moment, I'm looking at the 1-year falling wedge pattern that has just broken bullish. This is the best case for the bulls in at least a year, very interested where this break out will bring us!
Comment:
Good so far

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