LUNA/USDT Daily Analysis and Trading Strategy

Support Levels:

1. $0.43: Current short-term support, breaking below may intensify downward pressure.

2. $0.36: Important strong support level, if breached, the risk further increases.

Resistance Levels:

1. $0.48: MA25 moving average resistance, breaking above could lead to higher price levels.

2. $0.66: Important medium-term resistance, requires a significant breakout to confirm the rebound trend.

Market Analysis:

LUNA's current price is $0.4366, up 3.34%, showing slight rebound signs, but still in a downward consolidation pattern. The price is below the MA7 and MA25 moving averages, with short-term bears in control. The MACD green bars are shortening, indicating weakening downward momentum, but trading volume is insufficient to support a significant rebound.

Trading Suggestions:

• Long Position Strategy:

Try a small long position near $0.43, target $0.48, and if broken, aim for $0.50, with a stop loss at $0.41.

• Short Position Strategy:

If the price rebounds and encounters resistance near $0.48, consider gradually establishing short positions, targeting $0.43-$0.40, with a stop loss at $0.50.

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