BINANCE:LUNAUSDT
Luna is in the midst of putting in a Head & Shoulders Top.
The average percentage price decline of a Head & Shoulder’s pattern occurring in a bull market is ~16%.
The pattern will confirm when price breaks under the yellow trendline.
A 16% drop from the yellow trendline would bring price to the ~$74 level, which coincides with the median line of the Schiff Pitchfork and the 50% retrace level.
Happy Shorting.
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