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Overbought LUNA should be corrected soon - SHORT it!
Take a look at the chart:
- Are we in the bull market now?
- No.
- Can Luna grow infinitely?
- No.
- Did Luna reach ATH?
- Yes
Is it time for healthy correction even considering this uptrend is going to continue.
The factors I considered:
- Recent ATH must be corrected
- Overbought oscillators (Stoch and RSI on 4H TF)
- Price just touched ascending channel's resistance
- Volume Profile shows levels of interest much lower
- Are we in the bull market now?
- No.
- Can Luna grow infinitely?
- No.
- Did Luna reach ATH?
- Yes
Is it time for healthy correction even considering this uptrend is going to continue.
The factors I considered:
- Recent ATH must be corrected
- Overbought oscillators (Stoch and RSI on 4H TF)
- Price just touched ascending channel's resistance
- Volume Profile shows levels of interest much lower
Trade ativo
Luna had dropped down but eventually didn't reach even the 1st TP target. How long can this sh*t grow?Ordem cancelada
Seems like LUNA doesn't have plans to move down despite most of the market does.Got tired of trading this sh*t. Closing the trade
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.
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.