MA50 & EMA50 are strong clusters of support. LUNA is about to break out of a descending triangle. To confirm the breakout, the price action must retest the descending trend line and hold it to validate an entry. The volume is decent to propel the price higher. The major resistance zone is designated in rectangular red. The major support zone is designated in rectangular green. The thick red line above the resistance zone is a local resistance area.
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