$LUNA has surged over 12% and is showing signs of rejection near the 0.1224 resistance level. The significant upper wick on recent candles, coupled with high volume, suggests strong selling pressure. The price is now hovering near the MA(7) and MA(25), and a failure to hold could lead to a retracement towards the MA(99) support.

Entry Zone: 0.1160 - 0.1190

TP1: 0.1110

TP2:0.1080

TP3:0.1050

Stop Loss: 0.1225 (Above the recent high wick resistance)

Risk Management: Use a tight stop loss as volatility is high. Position size should account for the possibility of continued pump volatility against the trade.

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LUNA

0.1089

-4.05%