LUNA retest complete
- LUNA broke all time highs / daily resistance zone with a strong candle, and has retested as support. We are seeing a wick on the daily showing bulls holding price up. Price also retested 50% fib level of most recent push up, adding confluence to our long term resistance turned support.
- We are now seeing price beginning to reverse on the 1h chart, with price breaking previous structure and lower highs failing to be met.
- On the 30 min chart, we saw a nice pull back before receiving a high volume bullish engulfing candle close showing bulls jumping in at this area
Stop loss: Below local low and under major support
Take profit: At confluence of multiple fib extension levels
- We are now seeing price beginning to reverse on the 1h chart, with price breaking previous structure and lower highs failing to be met.
- On the 30 min chart, we saw a nice pull back before receiving a high volume bullish engulfing candle close showing bulls jumping in at this area
Stop loss: Below local low and under major support
Take profit: At confluence of multiple fib extension levels
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