LUNC bottom is in

Oct 31, 2023

LUNC has continue to declined since september 2022. In my opinion, the bottom is formed for LUNC. Here are my points:

• The long-term resistance trendline had been broken
  
• A double bottom pattern was formed and broken
  

LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.

A reference setup is as in chart.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Nov 1, 2023

Trade closed manually

Wait for BTC to bounce from BER:33K to re-entrer

Nov 3, 2023

Trade active

I bought (spot) Lunc at this price

Nov 5, 2023

Note

CMF indicator is breaking out

Nov 10, 2023

Note

Here we go. almost 40% since my entry

Nov 26, 2023

Note

LUNC retested the neckline and is bouncing hard. It is heading the TP2:

Nov 27, 2023

Note

95% since entry. TP2 hit

Dec 1, 2023

Note

+130% since entry. LUNC price is heading TP3

Dec 3, 2023

Trade closed: target reached

TP3 reached, with 167% since entry. I'll wait for a new trade with LUNC.
Thanks for reading (and trading if you're in).