Terra ClassicLong
**LUNC Surges with 17% Market Cap Increase!**
Terra Classic (LUNC) is making a strong statement with a 17% surge in its market cap, now reaching $615,262,846! This impressive growth is reflected in the 4-hour chart, which reveals a clear upward trend with the price consistently breaking through resistance levels.
**Key Levels:**
* **Support:** Holding strong around $0.000087570.
* **Resistance:** Recently broke above $0.000095000 with conviction. The next challenge lies at $0.000107581 and $0.000111752.
* **Targets:** If the bullish momentum continues, these resistance levels could become the next targets for LUNC.
**Indicators to Watch:**
* **Volume:** High volume accompanying the recent price surge confirms the strength of the bullish sentiment.
* **RSI:** Monitor the Relative Strength Index (RSI) for any signs of overbought conditions.
* **MACD:** A bullish crossover on the Moving Average Convergence Divergence (MACD) further supports the potential for continued upward movement.
**Trading Strategy:**
* **Long Entry:** Consider entering a long position on a pullback towards the support at $0.000087570 with a confirmed bounce.
* **Stop Loss:** Place your stop loss below the recent swing low or beneath the support.
* **Take Profit:** Target the resistance levels mentioned above, or employ a trailing stop loss to capitalize on the upward momentum.
**Market Cap Momentum:**
The significant increase in market capitalization indicates growing confidence and interest in LUNC. This surge could fuel further price appreciation as more investors enter the market.
**Disclaimer:** This is not financial advice. Conduct your own thorough analysis and manage your risk accordingly.
**#LUNC #TerraClassic #Crypto #TradingView #TechnicalAnalysis #MarketCap**
**Key Levels:**
* **Support:** Holding strong around $0.000087570.
* **Resistance:** Recently broke above $0.000095000 with conviction. The next challenge lies at $0.000107581 and $0.000111752.
* **Targets:** If the bullish momentum continues, these resistance levels could become the next targets for LUNC.
**Indicators to Watch:**
* **Volume:** High volume accompanying the recent price surge confirms the strength of the bullish sentiment.
* **RSI:** Monitor the Relative Strength Index (RSI) for any signs of overbought conditions.
* **MACD:** A bullish crossover on the Moving Average Convergence Divergence (MACD) further supports the potential for continued upward movement.
**Trading Strategy:**
* **Long Entry:** Consider entering a long position on a pullback towards the support at $0.000087570 with a confirmed bounce.
* **Stop Loss:** Place your stop loss below the recent swing low or beneath the support.
* **Take Profit:** Target the resistance levels mentioned above, or employ a trailing stop loss to capitalize on the upward momentum.
**Market Cap Momentum:**
The significant increase in market capitalization indicates growing confidence and interest in LUNC. This surge could fuel further price appreciation as more investors enter the market.
**Disclaimer:** This is not financial advice. Conduct your own thorough analysis and manage your risk accordingly.
**#LUNC #TerraClassic #Crypto #TradingView #TechnicalAnalysis #MarketCap**
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.