LUNA/USD Daily TA Cautiously Bearish

LUNA/USD Daily cautiously bearish. *WARNING: If LFG is unable to reestablish the LUNA:UST peg, they may be forced to close down operations -- this would lead to an inevitable delisting of LUNA on all exchanges.* *LUNA is quickly making its way to as close to 0 as possible as it continues to be minted in attempt to salvage the UST peg*. Due to LUNA having fractions of a cent to move further down, I am sticking with my recommended ratio of: 5% LUNA, 95% cash; however, for the bold believers (lunatics), this is perhaps a once in a lifetime opportunity to scoop up some LUNA (very low risk/very high reward - $50 USD would get you about 20k LUNA right now, and if LUNA were to return to even 1% of its ATH that $50 would be worth about $25,000). Given the circumstances, Volume hit a new ATH today and is now on track to favor sellers for 8 consecutive sessions. Parabolic SAR flips bullish at $64.14, this margin is very bullish. RSI is currently trending sideways along the ATL at 14.44 for the second consecutive session. Stochastic remains bearish and is currently trending sideways along max bottom in the bearish autobahn for a third consecutive session. MACD remains bearish and is currently forming a new ATL at -19.47 with no signs of trough formation. ADX is currently trending up at 32 as Price continues to fall closer to 0, this is bearish. If Price is able to find some kind of support here near 0, then it will likely bounce to test the previous ATL at $0.10 as resistance before potentially testing $4.67 resistance (this is almost entirely dependent on UST reestablishing the 1:$1 peg with LUNA). However, if the peg is unable to be reestablished I imagine that LFG will be forced to close operations (Do Kwon has alluded to this in the past) and LUNA will become defunct. Mental Stop Loss: (two consecutive closes above) $4.67.

**Traders entering this position should be prepared to lose their entire investment**