Luna is pulling back after breaking down the wedge pattern.
On the other hand, Luna is currently below the support/resistance level indicated in the chart on the left. To decide on a short or long position, wait for confirmation of the reaction (break-up or respect) to the support/resistance line.
On the other hand, Luna is currently below the support/resistance level indicated in the chart on the left. To decide on a short or long position, wait for confirmation of the reaction (break-up or respect) to the support/resistance line.
Trade closed: target reached
You can see the updated idea in the following link:
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.