Remember the "V Bottom" we spotted on the Lunyr (LUNBTC) chart?
We have some really strong bullish action after this pattern showed up:
Now, LUNBTC moved above EMA50 on the weekly (W) timeframe like the other strong altcoins have done.
This is a very positive development for LUNBTC...
LUN Downlink. U-turn area. Pamp coin with little liquidity.
According to the previous trading idea for this coin, the optimal entry point was not reached.
LUN Channel in increments of 60% Coin operation. Pivot points
Support has been broken. An attempt...
-news released started a selling pressure
-if you want to enter a trade here
-watch the area around 800 sat
-this is a good zone for a potential bounce up reaction
-do not enter a position if you do not follow risk management
-this game is full of high risk
LUN/BTC - LONG - POTENTIAL 24% Target
10% achieved so far - if it can break through next resistance then it should continue quite comfortably.
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile.
Please always trade with caution, manage your trades and stop-losses This is not professional...
- Resistance Break Up
- Bases on trending reversal
- Support holding
- Strong Uptrend
- Risky setup - secure profits as this could get rejected hard
- Can wait for breakout to enter
Look after your portfolio and it will look...
LUN is quite strong and the buying zone of 1000-1100sts will be a very reliable area for us to buy in for targets like 1400-1500sts or even 2000-2200sts in the next 2-3 months.
The pattern will be broken if LUN falls off the 1000sts price zone
I shared a chart for Status (SNTBTC) with a "V bottom" pattern that played out nicely...
See it here:
The same can happen for Lunyr (LUNBTC) on the chart above, prices can easily jump after teh "v bottom" shows up.
-currently testing the trendline resistance
-painting a bullish descending channel
-we have a clear wide bullish divergence on RSI
-the price is already at the tip of the pattern
-trading strategy is to buy the breakout or retest of support
-upside potential is up to 1800s