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BuySellMarketMaker
Sep 25, 2022 12:51 AM

Terra LUNA Bearish Sentiment Short

Luna / TetherUSBinance

Description

Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.

LUNA/USDT short
Entry Range: $2.10 - 2.60
Take Profit 1: $1.95
Take Profit 2: $1.65
Take Profit 3: $1.00
Stop Loss: $2.95
Comments
miladchikol
This coin has entered the heavy support zone; therefore, not safe for short anymore. Then, long or neutral.
SwallowPremium
Excellent chart, I like it!! Thanks for sharing!
brave_heart79
the sentiment is too bearish on stocks. Put/Call ratio shows extreme levels. Bears be ready to be squeezed in a big way.
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