Short
🔥 LUNC Sell-Off Update: Dead Cat Bounce
Yesterday I made an analysis on LUNC where I talked about the head & shoulders pattern and the expected sell-off.
As seen on the chart, the signal was a great success with both targets hit within a day.
For now, I think we've seen the most of LUNC's Dead Cat bounce. LUNC reversed from the down sloping trend line and will most likely see new lows.
First target placed at 29000, second target at 23000. I think the LUNA and LUNC pump is over, especially with BTC and Stocks falling after bad CPI news.
As seen on the chart, the signal was a great success with both targets hit within a day.
For now, I think we've seen the most of LUNC's Dead Cat bounce. LUNC reversed from the down sloping trend line and will most likely see new lows.
First target placed at 29000, second target at 23000. I think the LUNA and LUNC pump is over, especially with BTC and Stocks falling after bad CPI news.
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