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Lunausdtlong

Luna Long W/ Low Risk Entry for Trend tradersLow risk long entry on Luna. The previous low is a bit too far away for a "low Risk" trade but this chart seems to be respecting the fibs and so using a close below the .786 as a stop loss is really tight but that's just what you have to do. The proper thing to do here would be to reduce your trade entry size and allow for the market to stop you out below prior swing lows. But if you are a bit aggressive and want to manage risk correctly you have to bring those stops up closer. The price you pay for the opportunity is the increased likely hood that you will get stopped out.
Long
by SnarkyPuppy
2
Will Luna provide traders a second opportunity to enter? Traders, As you know from my earlier video, I was about to enter WLUNA this morning but due to distractions, I missed the entry. Anywho, I am not one to FOMO in as I know that opportunities abound to those who are on the prowl for good setups and entry areas. There are plenty of crypto fish in the crypto sea. However, I love LUNA! It had hit my entry area (green box) perfectly and touched that support I have been speaking about for so long at $78. And I am bummed that I missed my entry. So, I decided to revisit this chart. The first thing I did was zoom into the 4hr to see what I could spot in terms of trends/levels/patterns and I immediately spotted this bullish descending wedge which we broke out of to the upside this morning. Years of experience has taught me that we love to revisit and pay final homage to significant resistance in a move I like to call, "Kiss Mama Goodbye". This is where we stop at resistance (89.67), turn around, and then drop back down to previous resistance (now support), testing it one final time. If this move occurs like I suspect it may, then we LUNA fanboys and fangirls will have one final chance for re-entry somewhere in the green box or below. Watch for this and set your buys accordingly. Best of luck to you all! -Stewdamus
W
by stewdamus
6
💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (79.83). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LUNAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 72. Take Profits: TP1= @ 88.89 TP2= @ 92.56 TP3= @ 97.54 TP4= @ 101.49 TP5= @ 106.36 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (79.83). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LUNAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 72. Take Profits: TP1= @ 88.89 TP2= @ 92.56 TP3= @ 97.54 TP4= @ 101.49 TP5= @ 106.36 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6