It is really sad that $LUNA got dumped so hard. TerraLuna got direct relation with TerraUSD (UST).
Why did $UST, which is supposed to be a stable coin, also crash? $UST is unique when compared to others. $USDT, $DAO, and the like are backed up by fiat. So the value follows the $USD. The $UST has a different way of keeping the value of the UST at 1 USD.
TerraUSD...
The candlestick has the neat lows with the similar levels of the wicks, I put rectangle on them.
Wait the price to break it to eat the stop loss. The price is projected to touch the supply area.
Put the stop loss away from the swing low to prevent stop loss hunts.
The price broke the trendline with the tower candlestick. wait for the price to retrace to the nearest supply or resistance turned to support.
You can wait for price action first before get into the trade.
After broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order.
If the price show reversal pattern (can be pin bar or engulfing candlestick) in the...
I compare ZIL with BTC. Zil jumped so high when BTC was moving positively. It seems now ZIL smart money will distribute. The distribution phase will happen. If you see the volume, you will realize the decreasing of the volume.
If you see, the BTC failed to make Higher high. However, after the price bumped the demand zone, the price rise again.
It happened to the...
At the point A, the imbalance happened from the base (equilibrium). The price shot high quickly to the point B. After that the price retrace to the point C. The price rose again and broke the swing high of the B. and make the higher high. After that the price got down and broke the low of C.
The price dropped slower than the rally of A. So the projection of the...
Demand Zone C is not strong because the imbalance is messy. So the price would break the zone.
The recent price shows potential outside bar (engulfing candlestick).
Demand zone B is actully tested by the pullback (pin bar). But it still has high probability because it is backed up by the lower demand.
