$LUNA 📉 LUNA/USDT Market Update – Binance (15-Min Chart)
📅 Date: Feb 11, 2025 – 16:08 UTC
💰 Current Price: $0.2608
📊 Volume: 78.4K
⚡ Trend: Bearish, Trying to Stabilize After Drop
📍 Key Levels
🔼 Resistance: $0.2636 | $0.2644
🔽 Support: $0.2605 | $0.2580
📊 Indicators & Pattern Analysis
✅ Candle Formation:
Recent sharp drop followed by small consolidation.
Weak recovery candles indicate hesitation from buyers.
✅ Chart Pattern:
Bearish Breakdown → Price dropped below key support.
Attempting a weak bounce but faces resistance at $0.2636.
✅ Moving Averages:
20-EMA (Green): Short-term resistance.
50-EMA (Blue): Acting as a strong barrier.
200-EMA (Red): Lower support.
✅ RSI & ADX:
RSI: 39.58 → Near oversold but no clear reversal.
ADX: 34.54 → Strong trend; bearish still dominant.
Bearish momentum (19.36) > Bullish strength (11.00).
📈 Trade Setup
🔴 Short (Sell) – On Resistance Retest
📌 Entry: $0.2630 - $0.2645
📌 Stop-Loss: $0.2660
📌 Take-Profit: $0.2580 - $0.2550
✅ Confirmation: Price rejection at 20-EMA + RSI staying below 45.
🟢 Long (Buy) – If Strong Support Holds
📌 Entry: $0.2580 - $0.2600
📌 Stop-Loss: $0.2550
📌 Take-Profit: $0.2635 - $0.2650
✅ Confirmation: RSI bouncing above 42 + volume increase.
⏳ Trade Duration: 15-30 Minutes
📢 Conclusion:
📊 Pattern: Bearish with Weak Recovery Attempts.
⚡ Strategy: Sell on resistance; buy only if strong support holds.
