$LUNA/USDT 4h (Binance Futures) Rising wedge breakdown

31 Ağu 2021

Terra broke bearish locally, we expect to retrace down at least revisiting 100EMA.

Current Price= 32.810
Sell Entry= 32.690 - 34.122
Take Profit= 28.841 | 24.606 | 21.965
Stop Loss= 37.226

Risk/Reward= 1:1.2 | 1:2.3 | 1:3
Expected Profit= +27.34% | +52.68% | +68.50%
Possible Loss= -22.88%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 2x
Estimated Gain-time= 2 weeks

7 Eyl 2021

İşlem aktif

First entry filled

Terra is going down as expected, having trouble to stay above 50MA support, first target is surely in play as soon as it loses it.
Feels good to have the right bias on both market direction for different assets, that's the main challenge!

7 Eyl 2021

İşlem aktif

Second entry filled

Terra went up a bit higher then reversed as planned, 50MA is lost and 100EMA is in danger, we may reach some target soon!

7 Eyl 2021

İşlem kapandı: hedefe ulaştı

TP1 reached +27.34% (2x) and +1.2R

Terra lost 100EMA and went for first target on that wick down, SL moved to 2nd entry (34.222$) to secure the trade now.

7 Eyl 2021

İşlem kapandı: hedefe ulaştı

TP3 reached +68.50% (2x) and +3R

Terra legged down pretty hard and bouncing back right after achieving all targets, nice!