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🌝 Technical Analysis: Terra ( $LUNA )
Market capitalization: $64M.
On the hourly chart, LUNA shows sideways movement after a recent pullback.
🟡Following a short-term spike driven by the v2.18 upgrade in December, the price is consolidating at current levels.
How to trade❔
💬 Enter long at current price, as there's been a bounce from the level.
💬 Profit target – before the nearest significant resistance level.
💬 Stop-loss placed below the nearest support level.
💬 Alternative scenario: If price breaks support downward – open a short position.
💬 Take profit before the next level below. Stop-loss also placed beyond the level.
Conclusion:
A classic breakout setup – choose your direction and work the plan. Most importantly – don't forget your stops!
📈 Open trade with $LUNA 🔗 Chat • X • JioCoinsX