Here's a quick Look at LUNC 1 hr chart. As we can see, the price has been forming a bull pennant and a break to the upside could be around the corner. If BTC goes south, then this setup won't be relevant. The best entry would be when the price breaks above 0.0000255$ with a good amount of volume. One to keep an eye on. ------------------------------------------- The idea is: Buy when the price breaks above 0.0000255$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000265$ 2. 0.000028$ 3. 0.00003$ ------------------------------------------- What are triangles when it comes to trading?
Key points: "1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
@ElementalB be careful trading LUNC for now. It is very high risk and one should look for other opportunities 🙂 it’s pumped a lot and BTC could flush down suddenly
MBM_Crypto
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Let know what coin I should make a setup for next 😊
MBM_Crypto
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@ArtfulDodger1974 yea it went much farther than my target points. I didn’t expect a 40% pump in one day 🤣 But as you say; profit is profit :D
mehrshadhashemi
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Target : 0,00003????!!!
MBM_Crypto
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@mehrshadhashemi, Thats a mistake!! the target is meant to be 0,0003 (as show on the chart)! xD