๐ LUNA/USDT Technical Analysis: Momentum Building or Breaking? ๐ฅ๐
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๐ Key Support & Resistance Levels
๐ธ Resistance:
Immediate resistance at $0.6200 ๐.
A breakout could push LUNA toward $0.6500 and potentially $0.6800 ๐.
๐ธ Support:
Strong support is at $0.5800 ๐ก๏ธ.
A breakdown may lead to a retest of $0.5500 ๐ป.
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โก Trading Strategy
1๏ธโฃ For Buyers:
Entry: Look for a confirmed breakout above $0.6200 with rising volume ๐.
Targets: Aim for $0.6500 and $0.6800 ๐ฏ.
Stop-Loss: Set at $0.5900 to manage risk ๐.
2๏ธโฃ For Sellers:
Entry: Watch for rejection near $0.6200 or a breakdown below $0.5800 ๐.
Targets: Aim for $0.5500 ๐.
Stop-Loss: Place above $0.6000 for safety ๐.
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๐ก Market Insight
๐ Volume: Volume confirmation will be key in validating any breakout ๐ฆ.
๐ Momentum Indicators: Use RSI and MACD to assess potential reversals or trend strength ๐.
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โ ๏ธ Will LUNA Break Resistance or Face Rejection? Stay sharp, trade with a plan, and capitalize on market volatility! ๐ฅ