$LUNA /USDT Trading Signal – Recovery in Progress?
Current Price: $0.4960 (+7.64%)
24h Range: $0.4544 - $0.5478
Volume: 100.89M LUNA ($51.44M USDT)
Market Analysis
LUNA/USDT has bounced back after finding support near $0.4900, suggesting a potential reversal. The price is stabilizing, preparing for a possible retest of the $0.5100 level as bulls regain momentum.
Trading Signal
Entry Range: $0.4950 - $0.5050
Target Levels:
Target 1: $0.5100 (Resistance retest)
Target 2: $0.5250 (Continuation zone)
Target 3: $0.5500 (24h high breakout)
Stop Loss: $0.4800 (Below key support)
Observations
A strong rebound from the $0.4900 level indicates buyer interest.
Consolidation around $0.4950 supports a bullish outlook.
Volume remains consistent, hinting at further upward movement.
Action Plan
Look for confirmation of strength above $0.5050. Consider booking partial profits at $0.5100 and $0.5250, while trailing stop losses for extended targets at $0.5500.