As mentioned earlier on luna. This mostly looks positional for a week, Greenline is a resistance line green box is halt box, so ideally small buys goes here with ideal targets flowing to 0.738!
I spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Luna ( 
LUNAUSDT ): 8-Hour Chart Analysis for Strategic Trade Setup
Trade Setup:
- Entry Price: $0.5451
- Stop-Loss: $0.3728
- Take-Profit Targets:
- TP1: $0.9479
- TP2: $1.3018
Fundamental Analysis:
Luna ( LUNAUSDT ) continues to be a significant player in the DeFi ecosystem despite its historical challenges. The network's commitment to rebuilding its ecosystem and expanding partnerships has drawn attention back to the token. The recent upgrades to its Terra blockchain aim to enhance scalability and adoption among developers.
Technical Analysis (8-Hour Chart):
- Current Price: $0.5525
- Moving Averages:
- 50-EMA: $0.5000
- 200-EMA: $0.4800
- Relative Strength Index (RSI): Currently at 60, indicating growing bullish momentum.
- Support and Resistance Levels:
- Immediate Support: $0.5000
- Resistance: $0.6000
The 8-hour chart reveals a breakout from a descending triangle pattern, signalling potential for a strong upward movement. The take-profit targets align with Fibonacci extensions, providing logical levels for scaling out of the position.
Market Sentiment:
LUNA has seen increasing trading volumes, reflecting renewed interest in the project. Recent announcements around ecosystem developments and strategic partnerships have boosted confidence among traders.
Risk Management:
A stop-loss at $0.3728 ensures limited downside risk, while TP1 and TP2 offer impressive reward potentials of approximately 73% and 139%, respectively. Discipline in executing this trade is crucial, given the token's volatility.
Key Takeaways:
- LUNA’s breakout signals a potential bullish continuation.
- Strong risk-to-reward ratio for both scalpers and swing traders.
- Strict adherence to stop-loss and target levels is necessary.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
LUNA broke $0.56 passway and is currently near $0.80 passway. Price only goes unto $1.24 and $1.50 if it takes new liquidity
LUNA looks bit ready for a Pump 0.7182 to 0.6851 juncture ideal buys. Targetting 1.2 hahhahaha.
Be ready for flash dumps, (the dumps which makes to eat your liquidity)
LUNAUSDT above price $0.67 and its FVG Resistance area. It will touch price $0.77 and it will touch $1 before consolidation of Big FVG price level area.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
It is the first time ever that LUNAUSDT (Terra) closes four consecutive weeks green. This is happening after an ATL in August.
Can we say bullish consolidation?
Consolidation as prices slowly climb higher... Absolutely.
This is unusual and unusual is good. Since the market was bearish since 2022, seeing a change of behavior, unusual price patterns, can mean that price dynamics are about to change. Change from bearish to bullish of course.
Whale accumulation has been happening since August 2023. I can tell by noticing how buy volume is always higher than sell volume on most of the candles. It means that more money is exchanging hands when prices are going up rather than down.
Now, this is not just any pair, growth potential goes as high as 2,000%. Even 3,265% is possible if LUNAUSDT hits $19, for this, we have to wait and see.
Thank you for reading.
Namaste.
2.60$ BINANCE:LUNAUSDT
This is not a financial advice
price has been trading around 46-50 cents. Targets are mentioned in yellow lines.
Game is to just wait patiently. We will see luna above 1$ soon.
