🚨 $LUNA /USDT: ON THE VERGE OF A MASSIVE MOVE – WATCH THESE KEY LEVELS 🚨
$LUNA /USDT has surged 39.54% in the last 24 hours, breaking past critical levels with strong bullish momentum. However, the market shows signs of consolidation, and traders should be cautious about potential reversals.
Key Levels to Watch:
Resistance: 0.5656 – A breakout above this level could ignite another rally toward 0.6000 or higher. Watch for confirmation of strength before entering.
Support: 0.4972 – Holding this level is vital to maintain the uptrend. A drop below this support may trigger a correction toward 0.4700 or lower.
📉 Short-Term Entry Strategy:
Long Entry: Enter near 0.5100 if it holds above support, targeting 0.5500, 0.5800, and 0.6000. Stop-loss: 0.4950.
Short Entry: If the price faces rejection at 0.5656, consider shorting near resistance, targeting 0.5000 and 0.4700. Stop-loss: 0.5750.
📈 Long-Term Outlook:
Bullish Scenario: Sustaining above 0.5656 could propel the price toward 0.6500, attracting more buyers into the rally.
Bearish Risk: A breakdown below 0.4972 may lead to further downside, potentially testing 0.4500.
Strong volume and momentum indicate potential volatility. Always confirm breakouts or rejections and trade with a clear risk management strategy.
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