Panjang
LUNA into orbit?
LUNABTC has been on a rocket path in the last month, offering a clear Elliot Wave structure and we appear to be entering a 5th Wave.
LUNAUSDT has been on a similar path but has been subject to the overall downside volatility of the wider crypto market, while LUNABTC has seen a smoother path up.
The more conservative option could be to wait for a break of the previous high for confirmation, but the Risk/Reward payoff could be high for a long entry now with a stoploss below the bottom of the pullback.
The alternative view would be a potential lower high here if buyers run out of steam before the breakout, which why waiting for a break of the high would be a safer entry point for longs.
LUNAUSDT has been on a similar path but has been subject to the overall downside volatility of the wider crypto market, while LUNABTC has seen a smoother path up.
The more conservative option could be to wait for a break of the previous high for confirmation, but the Risk/Reward payoff could be high for a long entry now with a stoploss below the bottom of the pullback.
The alternative view would be a potential lower high here if buyers run out of steam before the breakout, which why waiting for a break of the high would be a safer entry point for longs.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.