š LUNAUSDT: 15% Correction! Where is the Key Support on the 4H Chart? š...
Hey Crypto Family! š«š.....
LUNA is in the news once again! After surging heavily in the last few days, it is now trading at $0.1639 with a -15.65% loss. Let's see if this massive drop offers an opportunity for a new entry for traders!
š Chart Analysis (Technical Analysis)
ā¢ Current Price: $0.1639 š
ā¢ 24h Change: -15.65% (Selling pressure is high)
ā¢ 24h Low: $0.1624
ā¢ Trend: The price is falling from the resistance at $0.2400. The current price is very close to the 24-hour Low ($0.1624). If this level breaks, the trend could become even more bearish.
ā¢ Order Book (Implied): While the Ask (selling) pressure is slightly higher at $0.1638, the Bid (buying) orders are also holding strong.
šÆ Trading Plan (Entry & Exit Plan)
Trading LUNA is very risky, so entry should only be considered after finding strong support.
| Action | Level (Price Level) | Description |
| Entry Point (Buy) | $0.1600 - $0.1624 | $0.1624 (24h Low) is strong support. Wait for a bounce at this level or at the psychological level of $0.1600. |
| First Target (Exit 1) | $0.1800 | This is the immediate resistance. Booking profits here is safe. |
| Second Target (Exit 2) | $0.2000 | If the market recovers, it could reach this psychological level. |
| Stop-Loss (SL) | $0.1550 | If the $0.1600 support breaks, SL is mandatory to prevent a major loss. |
Important Note: Trading in LUNA is highly risky due to its Volatility. Trade only with low leverage and a precise Stop-Loss!
Will you take this correction as an opportunity on $LUNA? Comment below! š
