LUNA continues to trade under strong downside pressure as sellers keep control of the 15m structure. The breakdown from 0.20455 accelerated once price lost MA10 and MA5, with both averages now sharply angled downward, confirming sustained trend momentum.
Liquidity was swept at 0.17760 where forced selling and small liquidation clusters appeared, which is why we saw an immediate bounce from that exact level.
Even with the bounce, buyers are not showing dominance. Volume on green candles remains weaker compared to the sell-side bursts, signaling that larger players are not aggressively absorbing yet. Whales appear to be letting price drift lower to gather liquidity, not defending the range. MACD remains deeply negative and continues to stretch, which usually reflects strong trend continuation with no reversal signals yet. For momentum to shift, LUNA would need to reclaim the short-term breakdown level near 0.18550, which aligns with MA10 resistance. Until then, every bounce is a reaction within a downtrend. Support sits at 0.17760 and if broken, the next liquidity pool lies near 0.17380. Resistance remains at 0.18550 and then 0.19100, both zones where traders previously attempted to defend but failed.
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LUNA continues to trade under strong downside pressure as sellers keep control of the 15m structure. The breakdown from 0.20455 accelerated once price lost MA10 and MA5, with both averages now sharply angled downward, confirming sustained trend momentum.
Liquidity was swept at 0.17760 where forced selling and small liquidation clusters appeared, which is why we saw an immediate bounce from that exact level.
Even with the bounce, buyers are not showing dominance. Volume on green candles remains weaker compared to the sell-side bursts, signaling that larger players are not aggressively absorbing yet. Whales appear to be letting price drift lower to gather liquidity, not defending the range.
MACD remains deeply negative and continues to stretch, which usually reflects strong trend continuation with no reversal signals yet. For momentum to shift, LUNA would need to reclaim the short-term breakdown level near 0.18550, which aligns with MA10 resistance. Until then, every bounce is a reaction within a downtrend.
Support sits at 0.17760 and if broken, the next liquidity pool lies near 0.17380. Resistance remains at 0.18550 and then 0.19100, both zones where traders previously attempted to defend but failed.
Trade setup TP 0.18550 then 0.19100 SL 0.17740
My take Trend is still heavy and bounces are technical, so manage risk carefully and always do your own research.
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