Spotting what appears to be a classic double top formation on the chart. You know what that usually means - potential reversal incoming. The pattern's pretty textbook: two peaks at roughly the same level, struggling to break higher.
This is definitely high-risk territory. Could we see a drop from here? The technical setup suggests it's possible. That neckline support better hold, or things might get ugly fast.
Anyone else watching this setup? Trading this coin requires serious risk management right now.
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.
10 Likes
Reward
10
8
Repost
Share
Comment
0/400
LightningWallet
· 27m ago
I've seen the double top pattern too many times; there's a high probability that LUNC will dump this time.
View OriginalReply0
HorizonHunter
· 12-06 11:57
LUNC is really a bit dangerous this time; whenever a double top appears, it’s basically never a good thing...
NGL, getting into this coin now is just gambling with your life. I’ll wait for a breakout before making a move.
You definitely have to be careful with a double top, but I think there might be another rebound before it crashes...
For these high-risk coins, you really have to be disciplined. Cutting losses is way better than holding on.
LUNC has always been like this—crazy when it pumps, even crazier when it dumps. If you don’t have strong discipline, you really can’t handle it.
View OriginalReply0
MEVictim
· 12-06 11:57
If the double top breaks up, it's over. If the neckline is broken, I'll bail immediately.
View OriginalReply0
LiquidityOracle
· 12-06 11:55
Nah, I don't believe this double top. Feels like another scheme to fleece retail investors.
View OriginalReply0
GasFeeCrier
· 12-06 11:54
Nah, this LUNC move is really dangerous. Once the double top is broken, it will plunge straight down.
View OriginalReply0
GasFeeCrybaby
· 12-06 11:45
NGL, I really can't handle this crappy LUNC coin. Once the double top is broken, it's game over.
View OriginalReply0
GweiObserver
· 12-06 11:39
This crap coin LUNC really doesn't look right... Whenever a double top appears, it's basically never a good sign.
View OriginalReply0
JiangFengYe
· 12-06 11:29
All that technical analysis talk is total nonsense. If 🐶 whales want to pump it, it will soar; if 🐶 whales dump it, it will drop.
LUNC looks sketchy right now, not gonna lie.
Spotting what appears to be a classic double top formation on the chart. You know what that usually means - potential reversal incoming. The pattern's pretty textbook: two peaks at roughly the same level, struggling to break higher.
This is definitely high-risk territory. Could we see a drop from here? The technical setup suggests it's possible. That neckline support better hold, or things might get ugly fast.
Anyone else watching this setup? Trading this coin requires serious risk management right now.