It was a great rip and dip and rip, I was also quite baffled how the preparation came in handy to scoop dips exactly at the 48-51 region
TLDR: looking for adds at 52, 57, or reclaim and retest of the fib and parabolic channel at 60-62ish, waiting for ASTROPORT + MARS + UST brr = Luna to 81~97
We have broken out of the ascending channel and back into the parabolic pitchfork, where we tested the prior parabolic resistance immediately after slightly crashing past the ascending channel resistance.
While the outlook for these 2 weeks would most probably be bearish, keep a lookout for LUNA/BTC LUNA/ETH and BTC.D charts to determine the adds zones
I would assume accumulation on the previous ascending channel would be an ideal add zone (57s), 52.5 is the middle of the ascending channel that probably is the "fair value". Losing this fib level at 62 means potential revisit to downside to 46 (previous fib), though i think majority of bids would be at 50 right now (psych number).
Staying in this parabolic channel is seriously exciting as 70-80 can be revisited soon, with potential white swan MIM-UST, BNB list of UST (already have wrapped BNB in terra now sooo) to send it visiting the upper deviations of the parabolic pitch fork (LUNA to 110-130)
Know what you own, where to add it, and where it is going. Cant not call myself a moonboi when the coin literally means moon
TLDR: looking for adds at 52, 57, or reclaim and retest of the fib and parabolic channel at 60-62ish, waiting for ASTROPORT + MARS + UST brr = Luna to 81~97
We have broken out of the ascending channel and back into the parabolic pitchfork, where we tested the prior parabolic resistance immediately after slightly crashing past the ascending channel resistance.
While the outlook for these 2 weeks would most probably be bearish, keep a lookout for LUNA/BTC LUNA/ETH and BTC.D charts to determine the adds zones
I would assume accumulation on the previous ascending channel would be an ideal add zone (57s), 52.5 is the middle of the ascending channel that probably is the "fair value". Losing this fib level at 62 means potential revisit to downside to 46 (previous fib), though i think majority of bids would be at 50 right now (psych number).
Staying in this parabolic channel is seriously exciting as 70-80 can be revisited soon, with potential white swan MIM-UST, BNB list of UST (already have wrapped BNB in terra now sooo) to send it visiting the upper deviations of the parabolic pitch fork (LUNA to 110-130)
Know what you own, where to add it, and where it is going. Cant not call myself a moonboi when the coin literally means moon
Trade active:
Holy shit it really bounced off the channel, another retest at 61.2 would be ideal followed by some massif bull news to send it up to the range high of the parabolic channel