LUN Channel in increments of 60% 140 days. Work on a coin. $
Updated
LUN / BTC Upward accumulation channel in increments of 60% exists 140 days (4.5 months).
The price is now at the bottom of the channel, there is confirmation of support. Also, the price is now close to a breakthrough of the downtrend line. Perhaps soon we will see its breakthrough. If there is a breakthrough and consolidation above it, this will mean a break in the trend.
We also see a very large volume that entered the coin at the very bottom of the channel.
Entrance. Three options from the development of events:
1) Enter now and try to take the movement inside the channel that remains to the resistance of the channel, which is about + 40%.
Stop Loss under the channel support line.
2) On a breakthrough or rollback after a breakthrough of the downtrend line to the channel resistance + 30%
Stop Loss below the channel support line or a downtrend line.
3) Entrance on a breakthrough or pullback after a breakthrough of channel resistance. Potential + 120%.
Stop Loss under the channel resistance line (at that moment there will already be support)
The price is now at the bottom of the channel, there is confirmation of support. Also, the price is now close to a breakthrough of the downtrend line. Perhaps soon we will see its breakthrough. If there is a breakthrough and consolidation above it, this will mean a break in the trend.
We also see a very large volume that entered the coin at the very bottom of the channel.
Entrance. Three options from the development of events:
1) Enter now and try to take the movement inside the channel that remains to the resistance of the channel, which is about + 40%.
Stop Loss under the channel support line.
2) On a breakthrough or rollback after a breakthrough of the downtrend line to the channel resistance + 30%
Stop Loss below the channel support line or a downtrend line.
3) Entrance on a breakthrough or pullback after a breakthrough of channel resistance. Potential + 120%.
Stop Loss under the channel resistance line (at that moment there will already be support)
Order cancelled
Note
According to the previous trading idea for this coin, the optimal entry point was not reached.Note
LUN Downward price channel. U-turn area.
Trade closed: target reached
1 zone of the first target is taken + 77% from the formation within the important zone (reversal) above the line of the secondary downtrend of the local triangle.
Trade closed: target reached
Note
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