Luna Short Term Analysis
LUNA, alongside MMATIC has had a great run, decoupling from the general market and forming new all time highs while most of the market is underperforming. Over the last few days, however, it has shown several signs that it needs to cool down. Bearish divergences on almost every timeframe, plus a falling wedge has now developed. In my opinion, this is a very bearish indicator for the market in general, as it is EXTREMELY overbought on the weekly and monthly time frames. I am taking a short with a stop loss at $106 USD, and a target of $67 (Great R:R ratio). I think the market is about to dump aggressively within the upcoming weeks. Trade safely. Nota
*Rising wedge, not falling wedge.Nota
UPDATE: LUNA JUST BROKE DOWN FROM THE RISING WEDGE.Trade fechado: objetivo atingido
TRADE CLOSED @ $67. LET'S GOOOOO
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.