Happy Taco Tuesday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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The Green Support Bar seems to have caught LUNA and currently supporting it.
What if it drops further down?
The next level to watch for support will be the Green Ascending Trend Line
If it now bounces upwards, the Red Resistance Line above is the area of interest as it could reject LUNA and possibly continue forming a Horizontal Triangle.
But if LUNA decides to break out of the Red Resistance Trend Line, the immediate target is the 50% Fib Level at $88.275
LUNA has continued to create Higher Lows after Higher Lows, so trade with the trend.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
The Green Support Bar seems to have caught LUNA and currently supporting it.
What if it drops further down?
The next level to watch for support will be the Green Ascending Trend Line
If it now bounces upwards, the Red Resistance Line above is the area of interest as it could reject LUNA and possibly continue forming a Horizontal Triangle.
But if LUNA decides to break out of the Red Resistance Trend Line, the immediate target is the 50% Fib Level at $88.275
LUNA has continued to create Higher Lows after Higher Lows, so trade with the trend.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
