$LUNA š LUNA/USDT Market Update ā Binance (15-Min Chart)
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Date: Feb 11, 2025 ā 16:08 UTC
š° Current Price: $0.2608
š Volume: 78.4K
ā” Trend: Bearish, Trying to Stabilize After Drop
š Key Levels
š¼ Resistance: $0.2636 | $0.2644
š½ Support: $0.2605 | $0.2580
š Indicators & Pattern Analysis
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Candle Formation:
Recent sharp drop followed by small consolidation.
Weak recovery candles indicate hesitation from buyers.
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Chart Pattern:
Bearish Breakdown ā Price dropped below key support.
Attempting a weak bounce but faces resistance at $0.2636.
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Moving Averages:
20-EMA (Green): Short-term resistance.
50-EMA (Blue): Acting as a strong barrier.
200-EMA (Red): Lower support.
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RSI & ADX:
RSI: 39.58 ā Near oversold but no clear reversal.
ADX: 34.54 ā Strong trend; bearish still dominant.
Bearish momentum (19.36) > Bullish strength (11.00).
š Trade Setup
š“ Short (Sell) ā On Resistance Retest
š Entry: $0.2630 - $0.2645
š Stop-Loss: $0.2660
š Take-Profit: $0.2580 - $0.2550
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Confirmation: Price rejection at 20-EMA + RSI staying below 45.
š¢ Long (Buy) ā If Strong Support Holds
š Entry: $0.2580 - $0.2600
š Stop-Loss: $0.2550
š Take-Profit: $0.2635 - $0.2650
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Confirmation: RSI bouncing above 42 + volume increase.
ā³ Trade Duration: 15-30 Minutes
š¢ Conclusion:
š Pattern: Bearish with Weak Recovery Attempts.
ā” Strategy: Sell on resistance; buy only if strong support holds.
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