Overbought LUNA should be corrected soon – SHORT it!
Luna / TetherUS PERPETUAL FUTURES BINANCE:LUNAUSDTPERP
Take a look at the chart:
– Are we in the bull market now?
– No.
– Can Luna grow infinitely?
– No.
– Did Luna reach ATH?
– Yes
Is it time for healthy correction even considering this uptrend is going to continue.
The factors I considered:
– Recent ATH must be corrected
– Overbought oscillators ( Stoch and RSI on 4H TF)
– Price just touched ascending channel’s resistance
– Volume Profile shows levels of interest much lower
