I found this very interesting, last year MAY, Luna made horrible drop exactly in MAY 2021 before its tremendous rally to a very new ATH.
Could the story be the same again????
Anyway, this risk worth taking here with an accumulations style to DCA on the coin.
Do make sure to have your risk under control.
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Another perspective to the situation of LUNA considering the UST issue, then we can have further correction towards 61% fib level around 15$ but before this, I expect a reaction first on the immediate resistance level drawn on the chart.
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Luna strong support failed. Next important level is 5$-3$
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Trade closed manually
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After breaking the major support zone and closed below our HOLD or DIE zone, then it means LUNA chooses the PATH of DIE. May it rest in peace. RIP LUNA