Luna Short - $74 Target

26 Mar 2022LUNAUSDT

Luna is in the midst of putting in a Head & Shoulders Top.

The average percentage price decline of a Head & Shoulder's pattern occurring in a bull market is ~16%.

The pattern will confirm when price breaks under the yellow trendline.

A 16% drop from the yellow trendline would bring price to the ~$74 level, which coincides with the median line of the Schiff Pitchfork and the 50% retrace level.

Happy Shorting.

29 Mar 2022

Yorum

Good thing it never crossed under that trendline. I would have been absolutely roasted.