$LUNA2 short-term analysis. From a market structure perspective, the trend is starting to shift. Price has begun to break and damage the previous structure, forming lower highs and lower lows, which shows that selling pressure is becoming dominant.
As long as the price keeps getting rejected at the yellow zone consistently, or lacks the strength to reach that level, there’s a strong chance the price will move down toward the bottom.
That’s my current assumption, and we still wait for further confirmation, because here we focus on scalping, not long-term positions.
LUNA2USDT
Perp
0.17886
-5.55%
