Is $LUNA trying to tell us something or is it just another fakeout?
We just saw a decent bounce off that 0.1045 low but the momentum is already starting to stall out around 0.1100. It’s sitting right at a point where it needs to make a decision. The sellers have been pushing it down consistently from those 0.1250 highs and we are currently down about 2.5% on the day.
Volume isn't exactly screaming "bull run" yet at 10M USDT. We need to see a solid break above 0.1125 to actually flip the local structure. If it can't hold this 0.1090 level, I’m expecting another visit to the recent lows.
Right now it’s just a lot of sideways chop. I’m waiting for a bit more volume to confirm if there’s actually any interest at these prices or if we’re just flagging for another drop.
LUNA
0.1108
+4.33%