Ever since LUNA sold off a couple of days ago it has been rangebound within (roughly) the yellow area. The fact that LUNA isn't falling any further is a signal of strength to me.
I'd even argue that LUNA has entered a strong accumulation phase where whales are slowly adding to their bags again, in preparation for the next push.
However, I will definitely wait to see what the market will do. However, I'm waiting for a daily close above $3.50 to confirm my bullish bias. Patience is key, as always.
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