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Orion-Markets
Jan 19, 2022 11:29 AM

LUNA USDT Long Idea  Long

Luna / TetherUSBinance

Description

Luna has been performing well during this turbulent time for cryptocurrency. Since reaching the $81.30 area, Luna has seen a lot of buying pressure at the $76 level. If this uptrend can continue then it's likely for there to be a restest of the previous high. The target for this trade is around the $82 level, however, if the price surpasses the level with strong volume then our targets will be extended. This will depend on how bitcoin will react to the low levels it's currently trading at. The stop-loss area is tight to mitigate larger losses as the market conditions are very volatile right now; 2.93% at $77.11.
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