LUNA/USD - Prepare your buy orders @ $50!
Luna broke all support levels so far and there is no sign this is going to stop until price reaches $50.
RSI, MACD and volume profile support further downtrend. The RSI did not even reach oversold on daily = plenty of space to fall more.
What is surprising is the lack of ANY bounce... that one is hard to swallow if you are a Luna holder.
However, Luna has strong support at $50, so probably a great area for a nice bounce and relief rally. Prepare your cash if so.
BTC is still to set a lower low, if that happens, Luna will fall more, so try to DCA as we go through the levels.
I saw some ideas saying Luna can go to $10, which is likely if we enter a bear market... just a matter of time. But it is too early for that. BTC can still pump from 40k.
Time will tell, for now $50 looks juicy to me. Luna should definitely be on your top 5 list in 2022, so getting exposure to Luna is good long term.
Like and follow if you liked this idea!
RSI, MACD and volume profile support further downtrend. The RSI did not even reach oversold on daily = plenty of space to fall more.
What is surprising is the lack of ANY bounce... that one is hard to swallow if you are a Luna holder.
However, Luna has strong support at $50, so probably a great area for a nice bounce and relief rally. Prepare your cash if so.
BTC is still to set a lower low, if that happens, Luna will fall more, so try to DCA as we go through the levels.
I saw some ideas saying Luna can go to $10, which is likely if we enter a bear market... just a matter of time. But it is too early for that. BTC can still pump from 40k.
Time will tell, for now $50 looks juicy to me. Luna should definitely be on your top 5 list in 2022, so getting exposure to Luna is good long term.
Like and follow if you liked this idea!
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