LUNA2USDT | Continuation?
Updated
We’re looking at an intriguing breakout opportunity! Multiple timeframes are showing potential, though it’s not crystal clear, making it even more exciting.
Daily Timeframe
On the daily chart, we saw an initial pushdown post-breakout, but the 20 EMA is providing solid support.
8-Hour Timeframe
The 8-hour break looks more promising. We’re holding above the previous high, a positive sign.
4-Hour Timeframe
On the 4-hour chart, a double bottom has formed, hinting at a bullish trend. We’re still within the 20 and 50 EMAs, adding to the potential upside.
Trade Setup
Given the market’s optimistic sentiment, I’m expecting a strong upward move. It’s a risky trade, but I’m targeting the next 4H high with an impressive RR of 4:1. The breakout should be powerful, so I’m entering the trade now.
Long-Term View
Adding to the bullish case, the 3-month timeframe shows a bullish wick on the previous three months. With the candle closing in 26 days, there’s limited time for continuation, making this a timely trade.
Stay tuned as this setup unfolds—it’s bound to be an exciting ride!
#CryptoTrading #Breakout #BullishTrend #BTC #TradingStrategy #MarketAnalysis #StayTuned
Daily Timeframe
On the daily chart, we saw an initial pushdown post-breakout, but the 20 EMA is providing solid support.
8-Hour Timeframe
The 8-hour break looks more promising. We’re holding above the previous high, a positive sign.
4-Hour Timeframe
On the 4-hour chart, a double bottom has formed, hinting at a bullish trend. We’re still within the 20 and 50 EMAs, adding to the potential upside.
Trade Setup
Given the market’s optimistic sentiment, I’m expecting a strong upward move. It’s a risky trade, but I’m targeting the next 4H high with an impressive RR of 4:1. The breakout should be powerful, so I’m entering the trade now.
Long-Term View
Adding to the bullish case, the 3-month timeframe shows a bullish wick on the previous three months. With the candle closing in 26 days, there’s limited time for continuation, making this a timely trade.
Stay tuned as this setup unfolds—it’s bound to be an exciting ride!
#CryptoTrading #Breakout #BullishTrend #BTC #TradingStrategy #MarketAnalysis #StayTuned
Trade closed: stop reached
Unfortunately, a large wick on the 8H chart closed our position, but this wick signals buyer pressure. I'll be looking for more trades on LUNA soon!
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