LUN Channel in increments of 60% 140 days. Work on a coin. $

LUN / BTC Upward accumulation channel in increments of 60% exists 140 days (4.5 months).
The price is now at the bottom of the channel, there is confirmation of support. Also, the price is now close to a breakthrough of the downtrend line. Perhaps soon we will see its breakthrough. If there is a breakthrough and consolidation above it, this will mean a break in the trend.

We also see a very large volume that entered the coin at the very bottom of the channel.

Entrance. Three options from the development of events:
1) Enter now and try to take the movement inside the channel that remains to the resistance of the channel, which is about + 40%.
Stop Loss under the channel support line.

2) On a breakthrough or rollback after a breakthrough of the downtrend line to the channel resistance + 30%
Stop Loss below the channel support line or a downtrend line.

3) Entrance on a breakthrough or pullback after a breakthrough of channel resistance. Potential + 120%.
Stop Loss under the channel resistance line (at that moment there will already be support)

Order cancelled

Comment:

According to the previous trading idea for this coin, the optimal entry point was not reached.

Comment:

LUN Downward price channel. U-turn area.

Trade closed: target reached:

1 zone of the first target is taken + 77% from the formation within the important zone (reversal) above the line of the secondary downtrend of the local triangle.

Trade closed: target reached:

+133%

Comment:

The uptrend line area has been broken. The local trend has reversed.