Short
$LUNA/USDT 4h (Binance Futures) Rising wedge breakdown
Terra broke bearish locally, we expect to retrace down at least revisiting 100EMA.
Current Price= 32.810
Sell Entry= 32.690 - 34.122
Take Profit= 28.841 | 24.606 | 21.965
Stop Loss= 37.226
Risk/Reward= 1:1.2 | 1:2.3 | 1:3
Expected Profit= +27.34% | +52.68% | +68.50%
Possible Loss= -22.88%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 32.810
Sell Entry= 32.690 - 34.122
Take Profit= 28.841 | 24.606 | 21.965
Stop Loss= 37.226
Risk/Reward= 1:1.2 | 1:2.3 | 1:3
Expected Profit= +27.34% | +52.68% | +68.50%
Possible Loss= -22.88%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active
First entry filledTerra is going down as expected, having trouble to stay above 50MA support, first target is surely in play as soon as it loses it.
Feels good to have the right bias on both market direction for different assets, that's the main challenge!
Trade active
Second entry filledTerra went up a bit higher then reversed as planned, 50MA is lost and 100EMA is in danger, we may reach some target soon!
Trade closed: target reached
TP1 reached +27.34% (2x) and +1.2RTerra lost 100EMA and went for first target on that wick down, SL moved to 2nd entry (34.222$) to secure the trade now.
Trade closed: target reached
TP3 reached +68.50% (2x) and +3RTerra legged down pretty hard and bouncing back right after achieving all targets, nice!
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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.