LUNA has seen some massive gains over the last couple of weeks. However, since some days LUNA has been trading a bit bearish.
As seen on the chart, the period of consolidation could very well end up as a bull-flag pattern, which is classically a bullish continuation pattern.
The safest way to trade this pattern would be to wait for a new higher high to be made. Target would be the current all time high around $104.
Be aware that we can still fall further, so wait for the price to break out and confirm the bullish trend.
Happy trading!
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