LUNC drop 37% for 6 days as support commot; watch make e reverse for $0.0000686
Terra Classic (LUNC) still dey bearish after e break down. Di latest update yarn say LUNC don log five red days straight, don drop about 30.82% since June 1 and roughly 37% for di last 6 days. Trading volume jump small — about 20% — but e no fit clear di 20-day moving average, show say buyers never knack sellers yet.
Price action still dey follow key levels. After rejection near di $0.000087 resistance area, LUNC lose di $0.000072 support. Earlier technical notes add say Parabolic SAR don dey above price for seven days straight, and momentum signals still weak (MACD below zero). Aroon readings too dey show bearish vibes unless Aroon Down turn up and cross Aroon Up.
For traders, di message na "wait for confirmation" across both articles. Dem highlight demand zone around di 78.6% retracement near $0.000054. For di 1-hour chart, bullish shift never confirm; LUNC need to reclaim $0.0000686 to show say buyers don return and to clear bullish invalidation for swing setups. If downside levels no hold, di next move fit be another double-digit leg down from current ranges.
Bearish
Both articles dey on the same setup: LUNC dey break down after e loss important support zone (US$0.000072) afta e get reject near US$0.000087. Volume don rise but e no turn into steady demand (e no reclaim the 20-day moving average). Plenty momentum/structure indicators still bearish: Parabolic SAR don dey above price for seven days, MACD dey below zero, and Aroon conditions go need confirmation from Aroon Down to turn up and cross Aroon Up. Even though higher timeframes dem talk sey still get broader bullish structure, the 1-hour chart never confirm any bullish shift. So traders suppose wait make e reclaim US$0.0000686; until that time, the easiest path na downward, with the US$0.000054 demand area as next magnet and more downside fit continue.