LUNA is meeting a weekly resistance again
We had the best entry price for 
LUNA again as I have suggested my followers to buy back LUNA at $75 and $78. Now that we have a significant profit, we are looking at the chart again.
LUNA bounced back hard after the dip to $75 area and now it is at the Weekly Resistance which is defined by the 0.618 area of Fib Speed Resistance Fan. You can clearly see that the price stopped after hitting the golden line.
However, it clearly broken above the down trend line in daily timeframe. And even broke above the Golden Pocket area of daily Fibonacci Extension.
What we would like to do is split the portfolio 50:50 again with
BTC for the potential risk management. The strategy is we will be taking 50% of our current LUNA profit in BTC and hold the BTC.
Since it is currently in strong daily up trend, we might see a push above the weekly resistance. Or we might see a retest to the golden pocket area of our daily Fibonacci Extension. Either way, it is a win-win situation for us to take profit in BTC.
IFLUNA can break above the weekly resistance (the golden line) again, we can expect that it will go to another ATH easily.
We are presenting our simple trading strategy for this LUNA/BTC pair. Please trade at your own risk.
LUNA again as I have suggested my followers to buy back LUNA at $75 and $78. Now that we have a significant profit, we are looking at the chart again.LUNA bounced back hard after the dip to $75 area and now it is at the Weekly Resistance which is defined by the 0.618 area of Fib Speed Resistance Fan. You can clearly see that the price stopped after hitting the golden line.However, it clearly broken above the down trend line in daily timeframe. And even broke above the Golden Pocket area of daily Fibonacci Extension.
What we would like to do is split the portfolio 50:50 again with
BTC for the potential risk management. The strategy is we will be taking 50% of our current LUNA profit in BTC and hold the BTC.Since it is currently in strong daily up trend, we might see a push above the weekly resistance. Or we might see a retest to the golden pocket area of our daily Fibonacci Extension. Either way, it is a win-win situation for us to take profit in BTC.
IF
LUNA can break above the weekly resistance (the golden line) again, we can expect that it will go to another ATH easily.We are presenting our simple trading strategy for this LUNA/BTC pair. Please trade at your own risk.
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