$LUNA $LUNA The $LUNA /USDT pair has been consolidating in recent days, with the price currently trading at $0.3506. The Relative Strength Index (RSI) is currently below 50, indicating bearish momentum. However, the Moving Average Convergence Divergence (MACD) is below the signal line, suggesting a potential bearish crossover in the near future.

Support and Resistance Levels

Support: $0.3251, $0.2999

Resistance: $0.3506, $0.3757

Entry Signal

A potential entry signal could be a break below the $0.3251 support level with increased volume. This could indicate a continuation of the bearish trend.

Trading Strategy

Traders could consider taking a short position on LUNA/USDT with a stop-loss above the $0.3506 resistance level and a take-profit target at the $0.2999 support level. However, it is important to monitor the MACD for potential bullish signals.

Disclaimer

This analysis is for informational purposes only and should not be considered financial advice. It is important to conduct your own research and consult with a financial advisor before making any investment decisions#BinanceBlockchainWeek #USADPSurges #USJobOpeningsDip #USJobOpeningsDip #Write2Earn!