Thoughts on $LUNA's current range and potential breakdown

Been watching $LUNA today and it seems pretty stuck in this 1.26-1.27 range. It's not a huge move, obviously, but the lack of follow-through after earlier attempts to push higher is interesting. I'm seeing it as a potential exhaustion play after the recent bounce.

My take is that if it breaks convincingly below 1.25, we could see it unwind a bit further. The risk to that scenario, of course, is a quick reversal and a move back above 1.28. If that happens, my breakdown idea is clearly invalidated, and it would suggest there's still buying interest at these levels. Always a good reminder to stay nimble.