LUNA is approaching two important zones of support to watch for possible entries. A bounce off of support zone #1 would need to contest that main downward trend line as resistance. If it breaks that resistance, then that would be a good sign for a reversal coming.

If support zone #1 breaks down, then LUNA could head toward $40. This would likely only happen if BTC falls to $30K or lower.

This is not financial advice. These are just my ideas and opinions.