Hello everyone,
Let’s take a look at the LUNA to USDT chart over the 4H time frame.
Let’s start by marking the local uptrend line with the blue line where the price unfortunately turned back.
Now let’s move on to the designation of the support line, which we can see at $ 76.38 if the price does not hold, the next support is at $ 70.21 and another $ 64.28.
On the other hand, it is worth setting the resistance that the price has to overcome and you can see that the first support is $ 90.11, while if the price breaks the resistance, the next one will appear at $ 103.13.
Please be especially careful and observe the market behavior because you can see on the CHOP indicator that we have a lot of energy for the next move.