LUNA potential shakeout to $2 for pullback.
Hi Traders,
Just pointing out the similarities and possible chance that price may revisit the $2 line before exploding off that demand area.
It is not guaranteed to do so, but as shown in the past run that is not unexpected - be cautious with long positions not to let them run downward without stops in place. Or you can hedge the 2.5 supply with a short position (my opinion)
Overall the rising floor price and continued trend remains bullish.
Another consideration is IF price pullback only to the 2.3 area we may not be heading to the 2 line, instead just a brief stop for consolidation and launch
Goodluck,
Asset Mastery
Just pointing out the similarities and possible chance that price may revisit the $2 line before exploding off that demand area.
It is not guaranteed to do so, but as shown in the past run that is not unexpected - be cautious with long positions not to let them run downward without stops in place. Or you can hedge the 2.5 supply with a short position (my opinion)
Overall the rising floor price and continued trend remains bullish.
Another consideration is IF price pullback only to the 2.3 area we may not be heading to the 2 line, instead just a brief stop for consolidation and launch
Goodluck,
Asset Mastery
