BINANCE:LUNAUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
LUNA has formed a falling wedge which is bullish in majority; But as we all know, The leading bias on market is bearish. Also LUNA is moving above a critical S/R zone and it's important to hold! That's why the chart comes up with two possible Scenarios...
📈 Bullish Scenario : If LUNA breaks above the wedge, Then the terms for bulls will comes up with a bullish continuation; But it need to break above the $92's S/R line for further movement! - You can locate your Longs on a proper retest of $92's broken line towards $98's resistance zone.
📉 Bearish Scenario : If LUNA breaks below the wedge, Then the terms for bears will comes up with a bearish continuation; Also on the Wedge's rejection, We'll face the S/R zone's rejection neither. - That makes this opportunity for Traders to located their Short on a proper retest of broken points ( Wedge or Zone ).
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