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Everyone is busy looking elsewhere while $LUNC is quietly trying to cook something here.
We had that big spike toward 0.000049 but the retracement that followed was actually pretty healthy. It found support right where it needed to be around the 0.000037 level and now we are seeing a nice green daily candle at 0.000042.
The volume is sitting at 50 billion units which is decent activity for this range. If this daily close stays above 0.000042 we could easily see another test of that 0.000046 resistance zone.
The order book shows a lot of buyers sitting in the 4240 area so there is definitely some demand keeping it afloat. I am just watching to see if we get a second leg up or if this is just a relief bounce before more sideways pain.
#GateBlueLobsters