ParCrypto

$LUNA Looking to Flip Resistance to Support

Long
KUCOIN:LUNAUSDT   Terra / Tether
$LUNA broke the $7.55 resistance on Friday with high volume (Bullish). It went on to create a new all time high of $8.95. There has been a healthy retrace since the new ATH was set. Volume has been decreasing with the price as well (Bullish). I will be looking to buy in the $7.60-$7.70 range. Using Fib extensions, it looks like the next fib resistance would be at the $11.50 range. Price discovery can be crazy in times like this. Keeping a close eye on this one, we could be in for a wild ride if price holds above $7.55.

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