Long

LUNA - Where's the best place to buy the dip?

66
After reaching ATH and the recent pullback, where is the best price level to buy the dip for those wanting to enter.

Using the volumetric profile we can see the price levels where investors are keen to pick up the stock. I have drawn the 3 areas with the high vol nodes - where a lot of activity is occuring.

As you can see, the price has recently dropped below a major area. Anticipating it to head towards the next high vol node area around 75. Failing this you'd expect it to drop to the next level around the 66 region.

I have been taking little nibbles around the 86-92 region in case we saw a bounce. Since this has now broken downwards and with the recent weakness in tech stocks, LUNA could come under pressure in the near term. This provides a great buying opportunity for those with a longer term plan.

I'll be holding the rest of my allocation and watch the price action around the regions I mentioned to top up.

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