LUNA short entry in falling market
Updated
LUNA - A project that I actually quite like is showing a good entry for a short position here. It failed to break out of it's downtrend today after the rally caused by a rising BTC. If this follows the same as others coins like FTM/AVAX/BTC/ETH, it will continue it's downtrend until it reaches trending upward support.
Entered short here at 75.
Going short on crypto is dangerous. Do not play with too much leverage and always have a stop in place so your account isn't wiped. I play both long and short. But there is no point shouting at the market for going down, when you could be making money on the way down, then have a bigger account for the way up. Good traders go long and short.
Entered short here at 75.
Going short on crypto is dangerous. Do not play with too much leverage and always have a stop in place so your account isn't wiped. I play both long and short. But there is no point shouting at the market for going down, when you could be making money on the way down, then have a bigger account for the way up. Good traders go long and short.
Note
Over the last 24 ideas I have been correct on targets on 17 of them. Giving a >70% correct rate.
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.