April 30, 2026

Overbought LUNA should be corrected soon – SHORT it!



Overbought LUNA should be corrected soon – SHORT it!

Luna / TetherUS PERPETUAL FUTURES BINANCE:LUNAUSDTPERP
nefyodov.artyom



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

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