Terra Classic [LUNC] surges by 25% in a day, but should you buy the pullback

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Gains of |100% in a week Pullback likely, but how deep would it be? Bitcoin situation meant early profit-taking could prove valuable Terra Classic [LUNC] registered gains of nearly 100% from its swing low to […]

The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Bitcoin situation meant early profit-taking could prove valuable[LUNC] registered gains of nearly 100% from its swing low to swing high over the past seven days. The strong buying pressure continued at the time of writing, and any dip to a support zone would likely present a low-risk, high-reward buying opportunity.

A deeper pullback to the $0.0003-level seemed possible as well. The RSI was strongly bullish, and in the overbought territory too. The OBV also rose swiftly over the past few days. In terms of risk-to-reward, it would be more sensible to wait for a pullback to the aforementioned support zones before buying Terra Classic.LUNC has gained by nearly 100% on the price chart over the past week.

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Terra Classic [LUNC] surges by 25% in a day, but should you buy the pullbackDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Gains of |100% in a week Pullback likely, but how deep would it be? Bitcoin situation meant early profit-taking could prove valuable Terra Classic [LUNC] registered gains of nearly 100% from its swing low to […]
Read more »