Interesting Luna situation
After bouncing again on the lower trendline, a natural question arises, up or down?
Considering the harsh correction Luna has experienced these last days, everyone would seem to agree it is time to buy. However, strength of the macro enviroment says otherwise and these are the posibilities I project short-term
Scenario 1: Luna goes up.
If Luna goes up, we have to watch, does it go up with strength? Seeing how the bounce on the lower trendline has triggered little to no price action, I highly doubt so.
In case it goes up without strength, I would probably enter a Short 1 with a very tight SL near the middle trendline, waiting for a minor correction before it gathers up more strength (or loses all momentum)
Scenario 2: Luna goes down.
If Luna goes down and loses the lower trendline (and we get confirmation), we are in for a ride. I would then inmediately enter a Short 2 with SL near the lower trendline and a TP around the 76$ level
Considering the harsh correction Luna has experienced these last days, everyone would seem to agree it is time to buy. However, strength of the macro enviroment says otherwise and these are the posibilities I project short-term
Scenario 1: Luna goes up.
If Luna goes up, we have to watch, does it go up with strength? Seeing how the bounce on the lower trendline has triggered little to no price action, I highly doubt so.
In case it goes up without strength, I would probably enter a Short 1 with a very tight SL near the middle trendline, waiting for a minor correction before it gathers up more strength (or loses all momentum)
Scenario 2: Luna goes down.
If Luna goes down and loses the lower trendline (and we get confirmation), we are in for a ride. I would then inmediately enter a Short 2 with SL near the lower trendline and a TP around the 76$ level
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