LUNAUSDT - Buy after confirm flag built

22 באוק׳ 2021

LUNAUSDT
1H trend chart
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LUNA is forming a bull flag and trying to take it out.
Additionally, there is a long-term support zone formed.
So if price can break out this flag until closure of 1H candle without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 44----Fib(1)
b) 46.19~47.07---Fib(1.272~1.382)
c) 48.97-----Fib(1.618)

Stop losses:
a) 39.64-----Red horizontal ray
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22 באוק׳ 2021

הערה

Guys, here are some tips for you!
1. Never forget to setup TP1 once you take entry. Do not be greedy!
2. Original SL can be modified to assure unrealized profit after price starts going up.