Luna retracement but still parabolic
Updated
We hit 10b, next stop 100b UST mcap tq DoKwon. Fundamentals intact, OZONE out. Mars Nebula in sight. Near year new targets, we await Fed fud to subside + web 2 onboard + injection of funds into outperformers + potential rotation back into Luna within 3 weeks
I think many people think I was nuts to point out range retracement because "up only". Remember I only present where I think are good adds, the chart is not your ordinary chart either because 1) Luna is extraordinary and 2) charting parabolic movement accurately captures the essence of Luna's valuation (albeit 'overvalued')
[63-73] If doomsday plays out and we nuke, expected a fallout from the entire channel to retest older less bullish channel, which would prove good accumulation for whales/institutions better on Terra Defi and LT hodlers.
[71-75] Ideal place to hold strength and reset indicators to oversold or bullish divergence. This confirms Terra and UST's parabolic adoption. A retest of the bottom of 2nd Standard Deviation Range would be ideal for your trade
Targets:
[115] any bullish reconfirmation and reclaim of 2nd channel = trend towards mid range (fair parabolic price)
[79-82] good to play the chop here and see retest if we can break through this supposed old support turned resistance. Readding on retest of this zone after it shoots out on volume to 85-90 range would be ideal
Trade safe moon fam.
I think many people think I was nuts to point out range retracement because "up only". Remember I only present where I think are good adds, the chart is not your ordinary chart either because 1) Luna is extraordinary and 2) charting parabolic movement accurately captures the essence of Luna's valuation (albeit 'overvalued')
[63-73] If doomsday plays out and we nuke, expected a fallout from the entire channel to retest older less bullish channel, which would prove good accumulation for whales/institutions better on Terra Defi and LT hodlers.
[71-75] Ideal place to hold strength and reset indicators to oversold or bullish divergence. This confirms Terra and UST's parabolic adoption. A retest of the bottom of 2nd Standard Deviation Range would be ideal for your trade
Targets:
[115] any bullish reconfirmation and reclaim of 2nd channel = trend towards mid range (fair parabolic price)
[79-82] good to play the chop here and see retest if we can break through this supposed old support turned resistance. Readding on retest of this zone after it shoots out on volume to 85-90 range would be ideal
Trade safe moon fam.
Trade active
Nice touch of lower demand zoneAs a MM, I want cheap luna in that zone, but LUNA burn game too stronk
As a hopium, I want luna to retest the current channel (add zone 75-78) , rebounce with volume and news
Feb- March good month to form the first cup and handle at ATH, lets go!
Comment
Demand zone hit and coincides with the top of the previous ascending channel + extreme fear. Here would be a good risk:reward area to begin adding, with the bottom of the channel being in the 48-51 range.You can thread lightly as overall economic sentiment is cautious and getting complicated after getting uno reversed by Russia/Ukraine development.
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