🌝 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. St