$LUNA /USDT Trading Signal - Consolidation Breakout Incoming?

Current Price: $0.4898

Entry Range: $0.4850 - $0.4950

Targets:

Target 1: $0.5100

Target 2: $0.5300

Target 3: $0.5500

Stop Loss: $0.4700

Analysis:

The $LUNA /USDT pair has shown a recovery from $0.4546, reaching a recent high of $0.5045 before consolidating. The price action near $0.4898 suggests potential accumulation for a breakout above $0.4950. If this momentum sustains, the pair could test the $0.5100 level initially, with additional targets at $0.5300 and $0.5500.

Traders should manage risk with the stop loss set below $0.4700 and consider partial profit-taking near Target 1 while trailing stop-loss levels.

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