LUNA/USDT (1D) Testing a Breakout From a Symmetrical Triangle
Luna / TetherUS BINANCE:LUNAUSDT
LUNA/USDT is consolidating inside a large symmetrical triangle on the 1D chart, with price forming lower highs beneath descending resistance while maintaining higher lows along the rising support. The structure has tightened considerably, and price is now testing the upper boundary around $0.046–$0.047.
A confirmed daily breakout and hold above the descending trendline could trigger a bullish expansion toward the $0.056–$0.058 target area. A rejection from resistance would keep the triangle active, while a breakdown below the rising support around $0.044–$0.045 would weaken the bullish setup.
Originally posted here: https://ift.tt/G7RYJ4C
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