Short term bearish for LUNA
Updated
LUNA more than 13x since Jul'21, at around $5.5 and now standing at $76-ish level.
A very significant gain for those who have hold this coin.
Accumulation has started since May to Jul period where volumes are switching to the strong hands.
What I observe now the changeover are on the weaker hands and on top of that the price has made an ascending wedge and current price hit exactly the top of the level.
It is a good opportunity to enter short position or take profit for those who are holding.
Entry: $77
Stop loss: $85
TP: $51
Please show your support by giving a like and or provide constructive view if you have a different perspective.
A very significant gain for those who have hold this coin.
Accumulation has started since May to Jul period where volumes are switching to the strong hands.
What I observe now the changeover are on the weaker hands and on top of that the price has made an ascending wedge and current price hit exactly the top of the level.
It is a good opportunity to enter short position or take profit for those who are holding.
Entry: $77
Stop loss: $85
TP: $51
Please show your support by giving a like and or provide constructive view if you have a different perspective.
Trade active
Dont get fool by the small retracement at the moment. For swing trade, you could enter a position now, $63 and target $68 to $70.For those who would like to short, wait a while to see price level between $68 to $70 and start taking your short position.
Trade active
Congrats for those who have entered a swing trade at $63 and closed at $68 / $70.The play is still on and definitely I will re-enter with another short again at $73.50 with tight stop loss at $76.50, last swing within this major view.
Trade closed: target reached
Target hit exactly at $51 level based on 1st idea.2nd idea worked out perfectly as well.
3rd idea of hit stop loss at $76.5 as it was expected to be tight.
The gain from $76 to $51 was huge for those who entered.
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