Long

Luna Can Go a Little Higher 30Min

Updated

Day Trading Futures - Luna Trade Set Up

Entry: 86.52- 87.18

Take Profit 1 - 88.33

Take profit 2- 88.84

Take Profit 3- 89.67

Take Profit 4- 90.00

Leverage - 20x

Stop Loss- 85.20

Note

Entry taken- 86.70

Note

We are waiting long for Luna to rev up, but luna is going to rev up!

Note

Stop Loss adjusted to 83.86- Not ideal trading but i feel my stop loss is to tight for my position size

Note

Decision to move the stop Loss, was made because, to place a stop loss directly on the support , as noted on the chart makes no sense as the coin will search for support in a downtrend

Note

Decision to move stop loss proved absolutely correct( well if i lose this trade it will prove to be a shambles) as luna blue past stop loss , However support on the 4 hr chart held. It is declining at a faster rate than bitcoin which is worrying.

Trade closed: stop reached

Note

Luna Trade idea was correct but entry was taken incorrectly- I abandoned the trade, however the lesson learn is that we MUST take entry on support. Also I could have exited the trade when it returned to my entry price and then reenter the trade after more analysis

Skywalker-thelastjedi

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.