๐ $LUNA Coin โ Monthly Time Frame Analysis ๐๐ง
This analysis focuses on LUNA Coin from a long-term, monthly perspective, designed especially for old holders who have been holding this asset for a long time โณ.
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๐ Market Structure Overview
๐ On the monthly time frame, LUNA remained in a strong downtrend for an extended period, which resulted in the formation of a Falling Wedge channel โ a structure often associated with trend reversals.
๐ Recently, on the monthly chart, LUNA has broken out of this Falling Wedge with the support of a bullish engulfing candle ๐. This breakout is a positive long-term signal; however, the retest phase is still pending.
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๐ฏ Targets After Successful Retest
Once LUNA successfully retests the Falling Wedge channel, the following upside targets come into play:
๐ธ TP 1: $0.40
๐ธ TP 2: $0.60
๐ธ TP 3: $0.80
๐ธ TP 4: $1.20
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๐ง Important Notes (Must Read)
๐ This analysis is strictly for long-term holders who have been holding LUNA for a long time and have higher entry prices.
๐ No new entries should be taken at the current price.
๐ Do not open long or short positions based on this analysis.
๐ This outlook is meant for trapped or stuck holders, not for fresh traders.
๐ Remember: one candle equals one month โณ โ patience is essential.
๐ซ Do not expect overnight profits or quick money doubling dreams.
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๐ง Final Thoughts
LUNAโs monthly structure is showing early signs of recovery, but confirmation takes time. Long-term charts reward patience, discipline, and realistic expectations ๐.
Stay calm. Stay patient. Let the chart speak.
