LUNA is in an ascending channel vs BTC and the support looks strong enough to continue up, however we've recently had bullish divergence on the daily chart, and we're seeing solid resistance on the 4H chart, which leads me to think we might be retesting the bottom of the channel before continuing higher. I'm not interested in LUNA at these levels, and I'm looking for a more obvious entry with the way I trade.
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I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
