LUNA/USD - Can Luna reach $4? Bearish Market Says YES! 😲
Here me out. NOT FUD!
If this crash is the start of a new bear market, altcoins can fall between 90% to 95%. Even ETH crashed 94% in the last bear market. From $1,400 to $80...
In such a context can Luna go from $100 to $4? Maybe, but a one digit price could definitely happen, particularly if price falls under the $22 support level.
The support at $22 is CRITICAL. If it falls, people will go MAD.
Potential targets are on the chart, depending on how severe the correction is. Probably $9 is likely if this bear market continues at this rate.
This is NOT FUD. This is your call to PREPARE and have a PLAN. Considering this price action, not having a plan for a bearish market is really misguided.
Buying dips is a BAD idea in a bear market. You need to wait for a clear bottom or at least +90% crash before bringing out the powder. Buying anytime before that is EARLY.
Make your own judgement, but this chart is bearish AF. BTC is bearish, ETH is bearish. Alternatively, close charts and come back a few months later. May be best.
Like and follow if you liked my idea!
If this crash is the start of a new bear market, altcoins can fall between 90% to 95%. Even ETH crashed 94% in the last bear market. From $1,400 to $80...
In such a context can Luna go from $100 to $4? Maybe, but a one digit price could definitely happen, particularly if price falls under the $22 support level.
The support at $22 is CRITICAL. If it falls, people will go MAD.
Potential targets are on the chart, depending on how severe the correction is. Probably $9 is likely if this bear market continues at this rate.
This is NOT FUD. This is your call to PREPARE and have a PLAN. Considering this price action, not having a plan for a bearish market is really misguided.
Buying dips is a BAD idea in a bear market. You need to wait for a clear bottom or at least +90% crash before bringing out the powder. Buying anytime before that is EARLY.
Make your own judgement, but this chart is bearish AF. BTC is bearish, ETH is bearish. Alternatively, close charts and come back a few months later. May be best.
Like and follow if you liked my idea!
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