Did $LUNA ‌ just set a trap for the late buyers?


The chart was looking pretty solid with that climb from the $0.052 bottom, but that rejection at $0.0721 was nasty. It left a huge wick on the daily candle, which usually means the sellers were waiting in the shadows to dump as soon as it hit resistance.
Right now we’re floating at $0.0651. It’s a bit of a "no man's land" area. If it can hold the $0.0599 level as support, we might see another attempt to break higher. But if we lose that, we’re likely heading back down to test the $0.055 range.
The volume is decent but we need more buying power to actually flip this structure into a bullish trend. The order book is showing some big interest below us, but the momentum feels a bit exhausted for the moment.
I’m staying on the sidelines for this one until it decides which way it wants to go. No point in gambling on a coin that's showing this much volatility at a key resistance level.
What’s your move? Are you holding through the dip or did you exit at the top?

#TapAndPayWithGateCard
LUNA-3.05%
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