LUNC/USD (Terra Classic) 4H Analysis: Trendline Break Potential

9 באוק׳

📊 **Current Price**: 0.00008575

📝 **Key Observations**:
- **Trendline Support**: Price is currently testing an **ascending trendline** that has held since late September. A break below this level could lead to further downside pressure, with potential support around **0.000082** and **0.000075**.

- **MACD**: The **MACD** is showing **bearish momentum**, with the blue MACD line crossing below the signal line. This suggests increasing selling pressure.

- **Stochastic RSI**: Currently in **oversold territory**. This indicates that a short-term bounce may be possible, but caution is needed as prolonged oversold conditions can indicate continued weakness.

🛑 **Key Resistance**:
- Immediate resistance sits around **0.000091**, followed by the psychological **0.0001** level.

🟢 **Key Support**:
- Watch the ascending trendline closely. If this breaks, we could see a drop to **0.000082** or further towards **0.000075**.

💡 **Strategy**:
- If the price holds above the trendline, we could see a bounce toward the **0.000091** resistance. However, a break below the trendline with confirmation from MACD could signal a larger move downwards.

🚨 **Trade Idea**:
- **Bullish**: Watch for a reversal from oversold Stochastic RSI and a potential bounce at the trendline.
- **Bearish**: A trendline break and confirmation of MACD bearish momentum could lead to short opportunities targeting lower support levels.

Stay vigilant, and manage your risk accordingly!