📉 $LUNA ‌: Flight into the Abyss or a Trap for Shorts?

​While Bitcoin is storming, an old acquaintance $LUNA2 is painting a very dangerous picture on the 4H timeframe. I see a scenario here that could wipe out many "catching knives" enthusiasts. 🔪
​See the situation analysis (in the photo 👇):
​Perfect descending channel: The blue trend line acts like a concrete wall. The price hits it and bounces down. As long as we are below this line — do not even think about longs!
​Oversold zone: RSI has dropped to 32. This is a critical zone. Usually, a false rebound occurs here to lure buyers before dropping the price even lower.
​Bear's target: If we do not hold the current level of $0.109, the next stop is $0.077. This could be a potential drop of another -30%.
​My strategy:
I am not buying now. The risk is too high.
🛑 Long: Only if we break through the blue inclined line and hold above $0.12.
📉 Short: On any sluggish rebound to the trend line without volume.
​Question for you:
Do you believe that LUNA can still come back to life, or is this a dead project heading to zero? 👇
$LUNC ‌$USTC ‌