Hello, I entered a short on LUNAUSDT earlier in the day, I was away from my computer so I am putting this up now to document my trade.
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We are likely to see a retracement to the 50 EMA then a bounce to the downside, if price then breaks below the previous low with momentum, then we have our level 1 zone and the trade is going to plan, if it does not have a clean break through I will just TP.
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^ On the 1H chart
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Price has broken above the 50 EMA on the 1H, we will see where price is headed soon, I will close the trade if price breaks the retracement high
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As I am writing this Luna is up 6.5%, excuse me wtf that wasnt supposed to happen lol, the trade was going well, price went down to 83$, but I didnt close and overstayed my welcome and now now im in a loss, I will probably close this position soon.
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forgot to update, I've tp at 88$, happy days, just had to hold