The $LUNA2 30-minute chart displays a strong recent uptrend, characterized by consecutive higher highs and higher lows, following a break above key moving averages (MA(7), MA(25), MA(99)). The price is currently testing the 0.14889 level, which corresponds to the 1(1.4760) Fibonacci extension from the prior swing.
Key Targets and Strategy
👉Buying/Entry Strategy: Wait for a confirmed breakout and retest of the 0.14889 resistance level, or consider an entry on a slight pullback towards the MA(7) at 0.14630 for better risk management.
👉Selling/Take Profit Target: A sensible initial Take Profit (TP) target is the psychological 0.15000 mark, with an aggressive extension to the next major resistance around 0.15500.
👉Stop Loss (SL): Place a Stop Loss just below the recent swing low support near the 0.14175 (MA(7)) or conservatively below the 0.618 Fibonacci level at 0.13046 to protect capital against trend reversal.
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LUNA2USDT
Perp
0.15296
+19.60%