The RSI of LUNA has dropped sharply after the peak and has not truly recovered. Each time the price bounces, it only creates weak candles, indicating there is no buying team below. The current structure is a clear downtrend on the 1h timeframe. As long as the price remains below the old distribution zone, every bounce is an opportunity for sellers. This is not a phase to dream about a reversal.
LUNA
0.1123
-8.25%