Description
⋅ Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Many creators / authors here perfectly covered the fundamentals regarding LUNC and LUNA.
So I thought it would be a good idea to translate it into numbers, how I digest things better as a pure price action trader.
We can clearly see that LUNC and LUNA has been positively correlated lately, both in a bearish trend and approaching a demand zone in green.
Both LUNC and LUNA are stuck inside a range now.
Let's see which one will win the battle by breaking above the last major high first. (marked in gray for both)
Which team are you in? LUNC or LUNA? None? and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich