Quite a simple straightforward trade which could prove to be a big fail considering the FUD going around the project and how it is being called the next 
LUNA but from a pure TA point of view this is a very valid trade.
Using adequate risk percentage / position sizing is vital and I can't stress enough on that.
Crazy funding rates on exchanges right now as well; -1.5% on ByBit right now for an example and that on its own is worthy of a shot at a long imo.
Entry and target zones marked.
LFG 🚀
LUNA but from a pure TA point of view this is a very valid trade. Using adequate risk percentage / position sizing is vital and I can't stress enough on that.
Crazy funding rates on exchanges right now as well; -1.5% on ByBit right now for an example and that on its own is worthy of a shot at a long imo.
Entry and target zones marked.
LFG 🚀
Note
Another pattern I have just spotted that supports the bullish narrative of this trade.We could see bullish Wolfe Waves forming inside a descending wedge which signals a move to the upside.
Trade active
Bids filled!Trade closed: stop reached
Stopped out.
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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.