Hello Everyone
Update on LUNA - it seems likely that we return to the 70's.
Phoenix Ascending points to more downward pressure and there does not seem to be enough buying volume at current support level. Personally I don't think this is low enough for re-accumulation yet however, it might be a good swing if you expect a bounce on support from 72 - 75. This would be a high risk trade with low reward potential, because the upside is only to the next resistance which will then be 78 - 80. In other words, wait for a lower entry or focus on other coins with a better trade setup.
Check out our channels for much more content!
Ev
Update on LUNA - it seems likely that we return to the 70's.
Phoenix Ascending points to more downward pressure and there does not seem to be enough buying volume at current support level. Personally I don't think this is low enough for re-accumulation yet however, it might be a good swing if you expect a bounce on support from 72 - 75. This would be a high risk trade with low reward potential, because the upside is only to the next resistance which will then be 78 - 80. In other words, wait for a lower entry or focus on other coins with a better trade setup.
Check out our channels for much more content!
Ev
