$LUNA has already smashed the previous target, but the structure is still clearly weak. Price remains capped below the descending trendline, and sellers are continuously defending every small bounce. This confirms that the broader momentum is still bearish.
Even after the drop, $LUNA hasn’t shown any solid reversal signal yet. The market is printing lower highs and lower lows, which means downside pressure is still active. As long as price stays below the trendline and key resistance, continuation toward the next support zone is very likely.
There is still room for short positions until price reaches the next major support area. Any minor pullback into resistance can be seen as a fresh opportunity, but risk management is key because volatility remains high.
Trade Setup
Entry Range: 0.132 – 0.138
Target 1: 0.120
Target 2: 0.108
Target 3: 0.100
Stop Loss: 0.148
