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
交易進行:
Luna had dropped down but eventually didn't reach even the 1st TP target. How long can this sh*t grow?
取消訂單:
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