Short
Head and Shoulders
Updated
LUNA has been in a bull trend for over a year now, and is starting to show weakness against both USD and BTC here.
The head and shoulders pattern on the LUNAUSDT broke the neckline earlier today, the volume wasn't significant but we believe as it gets weaker it will trigger panic once LUNABTC makes a lower low.
I made the entry based on the risk reward ratio, it is something that every trader must understand because it protects me from losing money even if I had a higher rate of failure.
The head and shoulders pattern on the LUNAUSDT broke the neckline earlier today, the volume wasn't significant but we believe as it gets weaker it will trigger panic once LUNABTC makes a lower low.
I made the entry based on the risk reward ratio, it is something that every trader must understand because it protects me from losing money even if I had a higher rate of failure.
Trade closed: target reached
YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal
Twitter twitter.com/vilasignal
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.