LUNC’s recent pullback has been quite sharp. I checked the data and found that on the day of the top, the contract open interest surged directly to the peak levels seen in Q1 2024—historically, when positions are configured like this, it’s often followed by significant volatility and retracement.

That said, if the price can stabilize and attempt another breakout, I think there’s a second opportunity to position. My strategy will be more conservative, setting the stop-loss right around the recent rebound high at 0.000080. After all, risk control is key for the long run. If this level doesn’t hold, it would suggest the trend might really be reversing.