Tron, Shiba Inu & Terra — Asian Wrap 16 June

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TRON price wipes liquidity and could be setting up for another decline. The liquidity hunt has poured in new liquidity, making it a favorable digital asset for intraday trading and scalps. Invalidation of the downtrend is a breach above $0.075.

 

Shiba Inu price next Fibonacci projection target lies 17% below the current price level. A break below $0.00000750 could justify a short entry targeting $0.00000500 as the price action has fallen in free-fall manner. Invalidation of the downtrend is a breach at $0.00000950.

 

Tera Luna price is losing more than just bullish grounds as market sentiment festers in disdain. LUNA price could fall to $1.39 if the bears successfully print a closing candle below the 50% Fibonacci level on the daily chart. A close above $2.74 could invalidate newly established shorts and trigger a rally towards $3.79 



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