Decodingthemarket

Terra #LUNA hits record $20B TVL

Long
BINANCE:LUNAUSDT   Luna / TetherUS
Surpassing Binance Smart Chain
Terra becomes the second biggest DeFi chain in terms of total value locked after Ethereum.

Luna is forming a rising wedge and usually the pattern is a reversal and usually breaks down
In the market when price hits around psychological number at $100 traders take profit and then price goes down
of course, nothing goes up forever and nothing goes down forever that is just the market psychology and nature of the market



I see in a very realistic number of the value of luna exceeding $1000 within the next 12-18 months
to get a better entry
I'm going to enter around $77.00 expecting a 25-35% drop from ATH and scale out if the price drop
I will accumulate at the (Fib 0.618-62.95) and subsequently @ (0.786 Fib $51.90)

NFA
PLEASE, DYOR/MYOD!!

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