LUNA breaching the red resistance bar must have a corresponding strong MACD position and must pass the 3.2 level otherwise the MACD will create a Bearish Divergence against the price action.
Currently, the MACD is not catching up. Price action is fast approaching resistance.
Watch the white trend support line, LUNA must stay above it to continue it's bullish journey. Otherwise, a retracement will ensue.
Stoch RSI has an upward directed momentum and has not reached overbought conditions on this 3HR chart.
Trade with the trend.
The Trend is your friend until it reverses on you.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Currently, the MACD is not catching up. Price action is fast approaching resistance.
Watch the white trend support line, LUNA must stay above it to continue it's bullish journey. Otherwise, a retracement will ensue.
Stoch RSI has an upward directed momentum and has not reached overbought conditions on this 3HR chart.
Trade with the trend.
The Trend is your friend until it reverses on you.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader