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What do I mean by the "roundtrip"? Please check the idea down below:
So after the call I did, LUNA mooned big time and gained 3.5x in matter of hours. Subsequently she got hammered hard and I think we are not done yet. Price is consolidating inside this long triangle for almost a week and if broken down then my guess is that LUNA can spill as low as 1.46, so it would retrace the whole pump and then some! The decision point (triangle apex) is coming so expect breakout either way soon. Critical levels (bearish/bullish) shown in blue. BTW the bearish level @ 2.48 coincides with the TARGET1 from original idea. Please zoom in to see the triangle and other stuff in detail.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade closed manually
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LUNA made it just to 2.0, which means retracing the whole pump but not lower. TARGET (1.46) not hit. Actually I think we could go higher from here as there is bullish pattern in the making so I'm switching to bullish bias.
The chart is pretty good, as is the idea in general. But the risks are quite high right now. I wonder what your risk-management strategy is for this trade?
bizmark
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@Solldy, Thanks. Generally not risking more than 1% (of account size) per trade.
@ImThour, did you check this? Or should I post each and every fart BTC does? By the way, for me the trading is all about volatility and I will trade any shitcoin if it moves.
ImThour
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Can you post about BTC or ETH instead? Stop posting for this shit coin.