Long $LUNA
Price action has been respecting the fibs from the 7/21 low through the recent high. Horizontal levels are pretty clean and price is sitting right on support. Although the market "feels" like it might roll over here, the chart looks clean and recently Thursdays have been good buying opportunities. This is a 4:1 RR if you set the target as previous ATH and SL just under demand area.
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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.