LUNA2's recent performance is worth paying attention to. The price is repeatedly testing around key moving averages, and the market dynamics are undergoing interesting changes.

From the data, the situation is indeed somewhat unusual:

**Core support remains stable** — The price still stays above the EMA25 ($0.169). Multiple bearish attempts to break below have failed, indicating that there is solid buying support at the bottom.

**Shorts are costly** — In the past 12 hours, short position liquidations amounted to $999,800, while long liquidations were only around $400,000. This unbalanced liquidation situation usually means that shorts have incurred real losses during the price rebound.

**Market sentiment is divided** — The long/short positions maintain an equilibrium ratio of 1:1. Retail investors are waiting for clearer signals, which often signals a brewing market reversal.

From a technical perspective, if the bulls can mount a counterattack, two price levels to watch are: $0.192 as the first recovery target, followed by $0.226 as a higher resistance zone. These levels are key previous pivots, and breaking through them would be significant.

Trading is fundamentally a game of probabilities. When liquidation data, price levels, and sentiment indicators all point in the same direction, the probability of success is relatively higher. However, risk management is always essential — every trade must have a clear stop-loss point.