Wait for it

This signal will be very short as it's very late in my timezone.

First of all, maybe buying tons of BTC strenghtened UST but definitely didn't help LUNA.

Secondly, you can see this old ascending channel I had on LUNA, it's still valid, I just added a new support which should work according with VLPR and that volume peak you see there in the chart. Now we can expect two outcomes:
1) if next daily candle will have an higher or similar volume and will keep going down it will mean that selling pressure keeps being high ==> support will break and we'll head toward 57 USDT area;

2) if daily candle will will have a lower volume, we'll likely have to expect a reversal, even though it could be a little one

If we touch the channel bottom (57) wait to buy because if BTC goes below 30K we'll likely see again LUNA at lower prices.
Good luck!

Comment:

we're almost there but if BTC keeps going down LUNA is likely to break down the channel's band

Comment:

I've to be honest with you, I have been bearish for a long time now but I wasn't expecting to see LUNA so trashed. And UST by reflection too. That's what you get to bind such project to BTC, I bet if they hadn't bought so many BTC this massive dump wouldn't have been so massive.
Chart looked like it could have been shorted today but I thought "after such a dump it's unlikely" but here we are...