LUNA - Long term hold but time to short
As you can see here there are 2 charts, the daily on the left and the 1hour on the right.
The daily shows where we broke above resistance at $8.45 as spoke about in an earlier post in the altcoin discord channel. Also on the RSI we can see LUNA is currently in overbought territory as shown.
On the 1 hour chart you can see where the yellow arrow is on the LMACD there is a bearish crossover. If this plays out as per previous crossovers you can see LUNA decreased in price each time. Price should move towards the Ichimoku cloud and when it hits it this is where to close the short.
Happy trading legends!
HTBB
The daily shows where we broke above resistance at $8.45 as spoke about in an earlier post in the altcoin discord channel. Also on the RSI we can see LUNA is currently in overbought territory as shown.
On the 1 hour chart you can see where the yellow arrow is on the LMACD there is a bearish crossover. If this plays out as per previous crossovers you can see LUNA decreased in price each time. Price should move towards the Ichimoku cloud and when it hits it this is where to close the short.
Happy trading legends!
HTBB
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