After a quite a nice recovery followed by a change in macro sentiment, Luna is looking brighter than it did a few days ago.
4 important things to consider on the following days in my opinion are:
Considering those 4 things, this I see are two of the most promising entries I am considering taking:
Short/Long 1:
Where the Lower trendline converges with the little support at 87,5$ we might see our first chance to enter.
If it goes up, we Long and await a minor retracement around 90$, setting a tight SL in case it's a bulltrap
If it goes down, it probably represents the biggest opportunity of all, as the next major resistance is quite far. Again going with a tight SL
Short 2:
If the trend continues going up, perhaps exhaustion will become an issue (quite sure, considering the strength of this trend). Thus, seeing how strong the 95,5$ resistance is, a nice short opportunity might arise (not such a tight SL).
More updates are to be made, although it is becoming quite an explosive environment so PA is becoming wilder and wilder.
4 important things to consider on the following days in my opinion are:
- The lower trendline
- The 95,5$ Resistance
- The 90,3$-ish pseudo-resistance
- The 87,5$ support
Considering those 4 things, this I see are two of the most promising entries I am considering taking:
Short/Long 1:
Where the Lower trendline converges with the little support at 87,5$ we might see our first chance to enter.
If it goes up, we Long and await a minor retracement around 90$, setting a tight SL in case it's a bulltrap
If it goes down, it probably represents the biggest opportunity of all, as the next major resistance is quite far. Again going with a tight SL
Short 2:
If the trend continues going up, perhaps exhaustion will become an issue (quite sure, considering the strength of this trend). Thus, seeing how strong the 95,5$ resistance is, a nice short opportunity might arise (not such a tight SL).
More updates are to be made, although it is becoming quite an explosive environment so PA is becoming wilder and wilder.
