LUNC just took a dive and hit 0.05120 directly. I was watching the 15-minute K-line, and it rebounded pretty quickly from that level—now it's already climbed back to 0.06299. Looking at the 4-hour chart, this pullback has basically bottomed out, and the moving average is holding up fairly well.
Personally, I feel this sharp drop might be the main players accumulating chips. After all, it dropped so fast and recovered just as quickly. That being said, if it really takes off after this kind of move, the momentum should be strong. Of course, with such big short-term fluctuations, make sure to manage your own pace and don't act on impulse.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
LUNC just took a dive and hit 0.05120 directly. I was watching the 15-minute K-line, and it rebounded pretty quickly from that level—now it's already climbed back to 0.06299. Looking at the 4-hour chart, this pullback has basically bottomed out, and the moving average is holding up fairly well.
Personally, I feel this sharp drop might be the main players accumulating chips. After all, it dropped so fast and recovered just as quickly. That being said, if it really takes off after this kind of move, the momentum should be strong. Of course, with such big short-term fluctuations, make sure to manage your own pace and don't act on impulse.