After completing Head and Shoulder pattern, LUNA is making a bear pennant below the neckline. The target of pennant is in 30s. LUNA seems like going to face another wild ride.
Trade active:
Just opened my position at 63 as I see first breach of the pennant. I am not going all in at this point. If LUNA tries to breath a bit before the conclusion, I might DCA at some higher levels like 68-72. Fingers Crossed.
Trade active:
I added few more LUNA to my bag at 65. Eyes on 68 now.
Trade closed manually:
Took profit at 50 for the time being. While nearing the descending channel, I am seeing a bullish divergence in 4h. So expecting a healthy pull back before the final target of Head and Shoulders.
Check Out:
Check Out:
