The trend of LUNA is currently ranging and has been stuck in this range. A triangle pattern has formed, and it continues its ranging movement within this triangle, creating equal highs and lows.
The key scenario is the breakout of this triangle. If it breaks and then pulls back to the triangle, we can expect the price to move downwards.
It looks like we have a big ABC, and wave B is a triangle that has ended.
Now we expect that the red range will not be lost and we will enter the big wave C.
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LUNAUSDT
...
only if he breaks the resistance and confirms we enter, and be patient
LUNAUSDT LONG/1.2
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if he confirms slowly, he must go to 1 or 2
#LUNAUSDT
UPDATE
Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze LUNAUSDT today.
Falling wedge breakout done in 12H time frame.
Expecting Massive Bullish wave towards 100%📈
#LUNA
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $0.5600.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price is 0.600
The first target is 0.7550
The second target is 0.8815
The third goal is 1.00
💎The recent market activities for #LUNAUSDT have caught our attention. Currently, LUNA is finding footing at a support area, highlighted by a bullish rejection candle, signaling possible upward movement.
💎This setup suggests a bounce could be imminent, propelling #TerraLuna towards higher resistance targets. The presence of this bullish candle at support hints at a strengthening of momentum, potentially steering the price toward notable resistance levels.
💎Conversely, if 
LUNA struggles to sustain this support or the bounce falters, it may point to a weakening of bullish forces. A drop below the support level could usher in a bearish phase, emphasizing the need for vigilance.
💎Monitoring #LUNA's response to this support zone is crucial. We need to watch closely for either a confirmation of the bullish trajectory or signs of a reversal to bearish trends. Stay alert, Paradisers, as these market shifts unfold.
MyCryptoParadise
iFeel the success🌴
The recent civil fraud trial in the United States has found Do Kwon and Terraform Labs liable for misleading investors prior to the UST stablecoin collapse in 2022. The US Securities and Exchange Commission (SEC) had charged Kwon and Terraform Labs of falsely leading investors about the stability of TerraUSD, the network's stablecoin also known as UST. The UST stablecoin was designed to maintain a value of 1:1 against the dollar. The SEC also accused the defendants of falsely claiming that Terraform's blockchain was used in a popular Korean mobile payment app. The jury, after a two-week trial, agreed with the SEC's allegations and found the defendants guilty of civil fraud charges on Friday.
The TerraUSD and Luna collapse caused a cryptocurrency market crash in 2022, which resulted in several companies going bankrupt. The collapse was severe enough that it sent shockwaves throughout the industry, leading to the arrest of Terraform Labs founder, Do Kwon, in Montenegro in March 2023.
Following the verdict, a spokesperson for Terraform expressed disappointment and stated that the company would weigh its options. However, the SEC, through its Division of Enforcement Director Gurbir Grewal, emphasized the importance of compliance and registration in the crypto markets. According to Grewal, the lack of compliance and registration has real consequences for investors.
US District Judge Jed Rakoff is expected to determine the penalties in the coming weeks after hearing from the SEC and the defendants. Terraform will be able to challenge the ruling on appeal after the final judgment in the case.
