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LUNA Futures - Curious about the 1.26 level
Been watching $LUNA futures a bit today, and the 1.26 level has been sticking out to me. It seems to have acted as a pivot point for a while now, and today it's right in the middle of the daily range. I'm curious if anyone else is seeing this as a key area, perhaps as a consolidation zone before a potential move? The risk, of course, is if we break decisively below it, that could open up further downside. Just wondering what others are thinking about this particular spot.