LUNA/USDT : Target reached around 120.00 – what next?
LUNA/USDT : Target reached around 120.00 – what next?
Previous analysis 08/02/2022 :
Context :
LUNA benefits of the huge fondamental trend of the DEFI and PAYMENTS SERVICES with protocol for specific Stable coin use. One the technical analysis side the market just shaped the perfect move by reaching 120,00 are in a classic wave proportion. Today the RISK/REWARDS is more on the bearish side with some exhaustion signal at the target anticipated at 120.00. It doesn’t means the market can’t go higher straight away however the probability for this scenario is not high without a pause before which can be developed between the two blue level (Upside and Downside Conf level).
Even the auto-similat structure (Blue Arrow) shows a downside risk even lower at 63
Tactical view – 1 to 3 weeks
On current level
– for tactical holder : Watch 91,70 as trailing stop to play the upside break out towards 148
– for Strategical holder : Lower the weight of LUNA position in portfolio and wait for 91,70 and 63 to add
– for Short-term swing trader in futur contract : Play the range between 91,70 and 121 (Short first, then bounce)
On current level regarding the former analysis, preference to take at least 50% of the profit in order to allocate the funds on an other idea (Listing or in pullback conf)
Listing => AKTIO COIN on Bittrex Exchange the 13/04/2022 (Check my website in signature)
Enjoy My friends
