$LUNA2 Long Liquidation: $5.0197K at $0.06767
We just saw a noticeable long liquidation cluster around $0.06767 on LUNA2. When longs get wiped like this, it usually means overleveraged buyers were forced out, adding short-term sell pressure and volatility.
Right now, the key question is: does price stabilize here, or do we see continuation to the downside?
📊 Market Outlook
The liquidation suggests weak hands were flushed. If price holds above the recent low and reclaims intraday resistance, we could see a relief bounce. But if sellers stay aggressive, another leg down is possible.
🟢 Potential Long Setup (Bounce Play)
Entry Zone: $0.0668 – $0.0680
Stop Loss: $0.0649 (below recent liquidity sweep)
Take Profit Targets:
TP1: $0.0705
TP2: $0.0728
TP3: $0.0750
👉 Idea: Enter only if price shows strong reaction and volume support around the liquidation zone. This would confirm buyers stepping back in.
🔴 Alternative Scenario (Breakdown)
$LUNA2 #PEPEBrokeThroughDowntrendLine #StrategyBTCPurchase
