📉 $LUNA2 : FLIGHT INTO THE ABYSS OR A TRAP FOR SHORTSELLERS?
While Bitcoin is storming, an old acquaintance #LUNA paints a very dangerous picture on the 4H timeframe. I see a scenario here that could wipe out many lovers of "catching knives." 🔪
Situation analysis (see photo 👇):
Ideal descending channel: The blue trend line acts like a concrete wall. The price hits it and bounces down. As long as we are below this line — don’t even think about longs!
Oversold zone: RSI has dropped to 32. This is a critical zone. Usually, a false bounce occurs here to lure in buyers before dropping the price even lower.
Bears' target: If we do not hold the current level of 0.109$, the next stop is 0.077$. This potential drop is another -30%.
My strategy:
I am not buying right now. The risk is too high.
🛑 Long: Only if we break the blue diagonal and establish ourselves above 0.12$.
📉 Short: On any weak bounce to the trend line without volumes.
Question for you:
Do you believe that LUNA is still capable of coming back to life, or is it a dead project heading to zero? 👇
#TechnicalAnalysis #LUNA2 #cryptotrading
$1000LUNC
