luna possible next legfirts trade was luna from 2.20 to 5.6 even when hit 7 pullout for profits after saw a nice acending wedge this time i see another good chance of a retest of the alth or maybe the 4.9
support must hold 2.6 2.7 if no may take more longer 3.30 must be crossed for a reversal trade
rsi bullish
LUNA2USDT trade ideas
Possible Double Top for LUNALUNA/USD
Bearish Case
- Double Top formed and retested at $6.42 (0.236 fib retrace)
- Exaggerated Bearish Divergence on the 1hr
- Testing to break down of the ascending support line
- MACD on the 4hr looks to be turning bearish
Target Zone
- $4.888 (0.5 fib retrace)
- $4.202 (0.618 fib retrace)
- $1.99 (full retrace) given it is a double top
Bullish Case
- Stays within the supporting trend line and breaks the ascending triangle
Thoughts?
LUNAUSDT12h The Terra Luna 2.0 price will be $1 or $11 ?A few days ago, we published the idea of Terra Luna 2.0.
And the fact that the LUNAUSDT price did not reach $8.5 and immediately fell to the level of $2.5 is a bad signal.
We warned about the high volatility and manipulability of this asset. Trading LUNAUSDT with leverage is with possibility 80-90% drop of your deposit to 0.
Two possible scenarios in our opinion from the neutral side, as we do not trade this asset:
A positive scenario will come if buyers manage to fix the LUNAUSD price above $3.80-4. Then it will be possible to at least start dreaming about growth to 11-14 dollars.
The stay of the LUNA 2.0 price below $3.80 indicates the weakness of buyers and, accordingly, the possibility of a further fall to the round level of 1 dollar
We consider $1.80-2.20 as a critical zone of support for buyers, below which a drop of another -50% is very likely
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
LUNAUSDT Trade Terra2.0 without leverage and be careful near 8.5Terra Luna 2.0 will continue without its algorithmic stablecoin UST and aims to preserve the Terra ecosystem with hundreds of developers working on different decentralized applications. The LUNA token will be airdropped across Luna Classic stakers, holders, residual UST holders and essential Terra Classic app developers.
In general, Terra Luna 2.0 is now attracting attention due to hype news and rapid growth in the last few days.
Increased attention and the desire to earn a lot and quickly pushes market players with small deposits to trade with large leverage.
Margin calls provoke increased volatility, which nullifies the deposits of both short and long traders.
Moral: if you want to trade this coin, then buy it only on the spot and for part of your trade deposit. Then in the worst situation, the maximum that threatens your deposit is a deep drawdown of part of the deposit, but by no means 0 on the deposit.
For now, the maximum that we assume is a rise Lunausdt price to $8.5
And then another deep correction to $2.5 may begin
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
$LUNALooking for a ST scalp trade here on LUNA
Looking for the Pullback on LUNA and sweep of all those stops circled on chart.
the 1 hour breakout block will provide a good entry for a bounce trade and short term scalp.
this is a shirt term trade and will be out after 3-7% profit. Will also cut it fast below the 1 hour breakout block.
LUNA 2.0 | Next possible moveAccording to Wyckoff's method it should (in theory) rise. When it rises, you have to find the resistance zones. First and most probable resistance zone is at our target.
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