Taking profit on Luna
With BTC and SPY looking bearish and DXY looking strong, it is hard for Luna to break past its ATH. I think the major run up of Luna is an anomaly and as such, I am going to aggressively take profits here even though I believe in Luna for the long term. Survival right now is much more important than making money and the R/R on Luna is not worth it right now.
A potential short set up for Luna is when it breaks down from its range at around $86
A potential short set up for Luna is when it breaks down from its range at around $86
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