LUNA's current situation is a bit heartbreaking. From a technical perspective, there aren't many good news. The support level at 0.06 may not hold, and further down, we need to watch around 0.03. Both daily and weekly charts are in a clear downtrend, and this cycle could last a long time.
To be honest, most of the positive momentum from the previous rally has already been released, and now negative factors are continuously accumulating. It looks like a harvest of those who bought in earlier. In this kind of market, shorting is the main strategy—if you have short positions, hold on to them, with the target set around the 0.03 area. Of course, these are just technical observations; specific operations should also consider your own risk tolerance.
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StablecoinGuardian
· 10h ago
Can't even hold 0.06? Then just go straight to 0.03, anyway LUNA has already cooled off.
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NotFinancialAdviser
· 10h ago
Can 0.03 really hold, or does it seem like it will continue to drop?
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SandwichTrader
· 10h ago
It's LUNA again, and it's a huge loss.
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CommunityLurker
· 10h ago
Can 0.03 really be reached? It seems like no one dares to take this bottom.
LUNA's current situation is a bit heartbreaking. From a technical perspective, there aren't many good news. The support level at 0.06 may not hold, and further down, we need to watch around 0.03. Both daily and weekly charts are in a clear downtrend, and this cycle could last a long time.
To be honest, most of the positive momentum from the previous rally has already been released, and now negative factors are continuously accumulating. It looks like a harvest of those who bought in earlier. In this kind of market, shorting is the main strategy—if you have short positions, hold on to them, with the target set around the 0.03 area. Of course, these are just technical observations; specific operations should also consider your own risk tolerance.