Hello everyone! I share a short-term technical analysis that detected a potential opportunity. $LUNA
📊 Analysis Details
Time frame: 1 hour (1h)
Volume: 3,851,590.6
Risk/Reward: 1.6:1
Confidence: 75%
🚨 Recommendation $LUNA
The general recommendation is Sell (SELL).
🎯 Target Price
The target price detected for this movement is $0.1750.
🔎 Detected Signals (The reason for the analysis)
The system identified multiple bearish and consolidation patterns that reinforce the recommendation:
Descending Triangle: Classic pattern of continuation or bearish reversal.
Key Support/Resistance: Support at $0.1757 / Resistance at $0.1926.
Trend Confirmation: Bearish trend confirmed by the EMA20-EMA50 crossover (a strong indicator of downward momentum).
Consolidation: Short-term lateral consolidation, often before a breakout. $LUNA
Volume: Decreasing volume on pullbacks, indicating weakness in movements against the main trend (bearish).
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