Terra LUNA Price Target after the U.S. CFTC sued Binance

Binance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.

My Terra LUNA Price Targets:
LUNA/USDT short
Entry Range: $1.20 - 1.30
Take Profit 1: $1.05
Take Profit 2: $0.90
Take Profit 3: $0.75
Stop Loss: $1.55