In Solana's big move from $35 to $220, there were two major moves that never retraced to support:
$47 to $56
$81 to $103
Both these moves were about 25%.
What this means is once SOL cleared $81 it went pretty much straight line to $115 and only retraced to $103.
We never saw a retrace to the 80's and 90s.
Luna's previous ATH was $54. A 25% move puts it, wait for it, at $70.
If it follows SOL's move it could move to $78-$80 and retrace only to $70.
Yes it exploded from a major dip to $38, but my point is, we may not see a retest of high 50's.
I entered LUNA $20-$30 a few months ago. I'm looking to double my position so I bought more in the break of $55 all the way to $68 (only 33% of 2nd batch of position)
I have orders in the high 50's but I am going to move them up to low 60's I think.
$47 to $56
$81 to $103
Both these moves were about 25%.
What this means is once SOL cleared $81 it went pretty much straight line to $115 and only retraced to $103.
We never saw a retrace to the 80's and 90s.
Luna's previous ATH was $54. A 25% move puts it, wait for it, at $70.
If it follows SOL's move it could move to $78-$80 and retrace only to $70.
Yes it exploded from a major dip to $38, but my point is, we may not see a retest of high 50's.
I entered LUNA $20-$30 a few months ago. I'm looking to double my position so I bought more in the break of $55 all the way to $68 (only 33% of 2nd batch of position)
I have orders in the high 50's but I am going to move them up to low 60's I think.