- This level needs to hold, and if it doesn't the chart will likely rug!
I'm taking up a long position at 51.75 Targeting 59 for Target 1 69 for Target 2
I'm starting to hate the "B" word right about now. Not going to declare bottoms.
노트
A fractal from the recent past. LUNA was showcased a strikingly similar consolidation after a corrective sell-off.
Red Fibonacci Retracement level is my 61.8 - referred to by the red arrows.
Both the present formation and historical one sold off to their respective 61.8.
In my perspective, this could be a fractal that's significant, and it was worth an entry.
노트
The Ultra-Bullish Perspective
If my fractal is in play, and LUNALUNAUSDT is entering a new bull cycle; Based on the previous bull cycle we can expect price action to look something like this.