Support and resistance range: 0.5550-0.6697Hello?
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(LUNA2USDT.P chart)
(1W chart)
In order to turn into a mid- to long-term upward trend, the price must be maintained by rising above the MS-Signal indicator.
Accordingly, the key is whether the price can be maintained by rising to the 0.6593-0.9347 range or higher.
However, a full-fledged upward trend is expected to begin only when the price rises above 2.0609.
(1D chart)
The key is whether it can receive support and rise in the 0.5550-0.6697 range.
If not, caution is needed as it may fall to around 0.4796.
(4h chart)
The major resistance areas are 0.6712-0.7140 and 1.25-1.4497.
Therefore, the key is whether these two resistance areas can be broken upward.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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LUNA2USDT trade ideas
Luna Buy TradeHere is My Study On LunaWelcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
🔥 LUNA 1-Year Resistance Break Out: Short-Squeeze Coming? 🚨As of today, LUNA has finally broken out through a bearish resistance line that has been produced in September last year. In my view, this can be the break out that patient bulls have been waiting for.
I'm waiting for a daily close above the resistance before calling the break out a fact. Stop below the Sept 4th resistance. Target at 2$.
With LUNA being one of the most shorted tokens at the moment (it has no right to exist), this bullish push can be the trigger of a short-squeeze event that can bring LUNA back up towards the 2$ target or even more.
Bears are sweating on this move.
SAY GOODBAYE TO LUNA (VERY BEARISH)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LUNA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#LUNA/USDT - Long - Potential 37.32%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_LUNA
Exchange: BINANCE
Timeframe: Daily
TP1: 0.9257
Entry: 0.6700
STOP: 0.4585
Entry Conditions:
| RVD Breakout
| Falling wedge breakout
| Price at support
Binance is supporting LUNA's Phoenix software upgrade after the vote was passed in favour of Phoenix which received 98.22% of the votes.