Over the course of its existence, LUNC has been touching the bottom dotted support and has bounced off it, with variable albeit bullish results.
In my view, there's a decent chance that the bottom support will hold yet again and cause some form of bullish move over the next few months, potentially even a year.
A move towards the blue targets offers a decent risk-reward ratio. A move towards the all-time high (yellow) offers the best risk-reward, but can potentially take over a year to reach.
This is not a near-term trade, so be prepared to potentially hold this token for over a year.
In my view, there's a decent chance that the bottom support will hold yet again and cause some form of bullish move over the next few months, potentially even a year.
A move towards the blue targets offers a decent risk-reward ratio. A move towards the all-time high (yellow) offers the best risk-reward, but can potentially take over a year to reach.
This is not a near-term trade, so be prepared to potentially hold this token for over a year.
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