Some thoughts on LUNA

At the time of this posting LUNA has appeared to have found a bottom around the previous 2 week low and open (orange). A fixed range volume profile of the recent drop off shows there is volume coming in to support this potential bottom around 42.5. PA dropped rather quickly so there are a few areas of potential liquidity to be had (green boxs) and the 2week POC remains at 51.96. Throw in the MACD turning up and an RSI working away from being oversold, a bounce here would make sense. Bulls looking at this volume to hold support and a move up into high volume areas. While Bears looking to pack there bags with that liquidity and head south.