$LUNA2 just triggered a short liquidation of $4.9585K at $0.18076. This retracement is healthy as it absorbs excessive selling pressure and allows the market to consolidate before attempting another move higher.
Trade Setup:
Entry Zone: $0.1795 – $0.1810
Target 1: $0.184
Target 2: $0.187
Stop Loss: $0.178
I’m watching this zone closely because it coincides with previous support and sits near the 0.618 Fibonacci retracement of the recent decline. They’re building strength here, and if this level holds, it could serve as a strong base for a rebound. Reaction areas around $0.1807 have historically absorbed selling pressure, making this a key setup for potential upside.
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LUNA2USDT
Perp
0.22854
+31.96%
