Short

LUNA/USDT : Moving into a formed falling wedge !

Updated

Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

has formed a falling wedge which is bullish in majority; But as we all know, The leading bias on market is bearish.
Also is moving above a critical S/R zone and it's important to hold!
That's why the chart comes up with two possible Scenarios...

📈 Bullish Scenario : If breaks above the wedge, Then the terms for bulls will comes up with a bullish continuation; But it need to break above the $92's S/R line for further movement!
- You can locate your Longs on a proper retest of $92's broken line towards $98's resistance zone.

📉 Bearish Scenario : If breaks below the wedge, Then the terms for bears will comes up with a bearish continuation; Also on the Wedge's rejection, We'll face the S/R zone's rejection neither.
- That makes this opportunity for Traders to located their Short on a proper retest of broken points ( Wedge or Zone ).

Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
Helical_Trades

Trade closed: target reached

Full TP ✅
6% profit booked 🍾

Helical_Trades

🔴 Don't forget to join our channels for FREE Premium stuffs !

TELEGRAM :
t.me/Helical_Trades

Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/

Also on:

Related publications

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.