🔥 LUNA Bearish Break Out: Reversal Trade

Some time ago I made an analysis on LUNA, here I discussed the view that LUNA was likely going to see some bullish price action and make a new ATH, past $50.

In the end, LUNA touched the first resistance, which also marked the new ATH. However, a major bearish move followed after that. This bearish move currently broke out of this channel pattern and is seemingly not finished yet.

As of such, I'm looking at the area from $35 - $38 for a potential reversal.

Happy trading!