LUNA plummeted by 18%! A rebound? Don't be fooled, this is a scam! Newbies, follow my suggested trading range for guaranteed profits!
The LUNA boss Do Kwon, who has scammed countless people, has just been sentenced to 15 years! As soon as the news broke, the price of LUNA collapsed by 18%, many newbies who just bought are now stuck, anxiously holding their phones, asking me if their money is gone. Don't panic, after reading this, I believe you will have the answer in your mind!
On the news side: The dark history is set in stone, has the bad news reached its limit?
Do Kwon's 15-year sentence is a significant development in the LUNA crash case. This matter has dragged on for nearly 3 years, and now there is finally a result. But is this news a complete bad sign for LUNA, or is it worse?
On the technical side: Has it hit the bottom? The 1-hour candlestick shows signs of a rebound.
Looking at the 1-hour chart, LUNA has nearly hit the bottom. The key level has held, and the current price is 0.1658, just near the critical level of 0.17, with strong support below at 0.09, so there isn't much room for further decline in the short term.
Indicators calling for a stop: The MACD green bars are shortening, RSI hasn't dropped below 30, and KDJ has already turned upwards. Viewing these three indicators together suggests that the downward momentum is weakening, and a rebound could come at any time.
Nearby resistance: The resistance at 0.25 is short-term, but there's a 50% space from 0.16 to 0.25, which may prompt short-term traders to jump in.
Da Mao's view is that the rebound is a bait, don't be a sucker! This rebound is just a brief flash, don't take it seriously! Do Kwon's sentencing confirms LUNA's dark history, and the current volatility is just short-term emotions acting up; funds will jump in for a brief moment and then exit. A short-term rebound is possible, but after the rebound, it will still drop.
What should newbies do in this situation? Don't panic:
For those holding LUNA: Don't rush to sell; the price has stopped falling for now. Wait until it rises to the range of 0.22-0.25 and sell a portion first.
For those who haven't bought and want to enter: Don't invest all at once; buying in small batches is safer. When the price drops between 0.15-0.17, use spare cash to buy a little.
If you want to know how I avoided market traps and made precise moves, follow @大毛淘金 to participate in Da Mao's every action! I will announce the specific entry time and the latest news daily within 👉聊天室! $LUNA #美联储降息 #美联储FOMC会议 #加密市场观察
