$LUNA/USDT 15m (Binance Futures) Rising wedge near breakdown
Terra had a crazy uptrend and is locally retracing down, I believe it could last some more days.
It is now forming a rising wedge which could break bearish in case of rejection on 100EMA and TL retest!
Current Price= 18.2512
Sell Entry= 18.3351 - 18.5555
Take Profit= 17.7800 | 17.3745 | 16.7006
Stop Loss= 19.0020
Risk/Reward= 1:1.2 | 1:1.92 | 1:3.13
Expected Profit= +18.05% | +29.05% | +47.30%
Possible Loss= -15.10%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 5x
Estimated Gain-time= 2 days
It is now forming a rising wedge which could break bearish in case of rejection on 100EMA and TL retest!
Current Price= 18.2512
Sell Entry= 18.3351 - 18.5555
Take Profit= 17.7800 | 17.3745 | 16.7006
Stop Loss= 19.0020
Risk/Reward= 1:1.2 | 1:1.92 | 1:3.13
Expected Profit= +18.05% | +29.05% | +47.30%
Possible Loss= -15.10%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 5x
Estimated Gain-time= 2 days
Trade active:
All entries filled
Seems like Terra is pushing higher, not the best timing but can still play out.
I updated the SL (Stop Loss) a bit higher (19.1106$) to give it more air to breathe!
RR (Risk Reward) ratio is 1:1 now for first target, let's wait and see if gets rejected here.
Seems like Terra is pushing higher, not the best timing but can still play out.
I updated the SL (Stop Loss) a bit higher (19.1106$) to give it more air to breathe!
RR (Risk Reward) ratio is 1:1 now for first target, let's wait and see if gets rejected here.
