Great Money Monday, Traders!
Hope you find value from this post.
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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LUNA was rejected at 87.9 after it push out of the resistance line and its 21Day MA.
LUNA has now dipped back down and as of this writing is currently sitting on the resistance line testing it as support.
The Green Support Bar is right under the Red Extended Resistance Trend Line, another area of support for LUNA if it gets pushed further down.
A rebound from the RED Extended Trend Line would give LUNA a target price of 94.35 at the 61.8% Fib Level and the 100% Fib Level is at 114.05
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.
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.
==============================
LUNA was rejected at 87.9 after it push out of the resistance line and its 21Day MA.
LUNA has now dipped back down and as of this writing is currently sitting on the resistance line testing it as support.
The Green Support Bar is right under the Red Extended Resistance Trend Line, another area of support for LUNA if it gets pushed further down.
A rebound from the RED Extended Trend Line would give LUNA a target price of 94.35 at the 61.8% Fib Level and the 100% Fib Level is at 114.05
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
