📉
$LUNA : Flight into the Abyss or a Trap for Shorts?
While Bitcoin is storming, an old acquaintance $LUNA2 is painting a very dangerous picture on the 4H timeframe. I see a scenario here that could wipe out many "catching knives" enthusiasts. 🔪
See the situation analysis (in the photo 👇):
Perfect descending channel: The blue trend line acts like a concrete wall. The price hits it and bounces down. As long as we are below this line — do not even think about longs!
Oversold zone: RSI has dropped to 32. This is a critical zone. Usually, a false rebound occurs here to lure buyers before