Where is Terra Luna headed?
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Hello Life with Crypto fans.
I've been absent on Trading View for awhile now. In my absence I've been building new courses for crypto beginners on our website and I've been studying and practicing yield farming. I've missed studying charts to find good entrance and exit points for swing trading and short term profit trading.
With this chart, I'm trying to decide where LUNA is headed in the short term. I want to buy on a pull back. I recently sold my LUNA and it might have been a little too soon. When analyzing the price chart I found a divergence between price and volume. This tells me a direction change in price may be coming.
If the price pulls back to the middle trendline and heads south to the lower trendline, that will be my signal to buy. If it bounces off the middle trendline and heads back up, then I'll need to wait for a better entry.
I've been absent on Trading View for awhile now. In my absence I've been building new courses for crypto beginners on our website and I've been studying and practicing yield farming. I've missed studying charts to find good entrance and exit points for swing trading and short term profit trading.
With this chart, I'm trying to decide where LUNA is headed in the short term. I want to buy on a pull back. I recently sold my LUNA and it might have been a little too soon. When analyzing the price chart I found a divergence between price and volume. This tells me a direction change in price may be coming.
If the price pulls back to the middle trendline and heads south to the lower trendline, that will be my signal to buy. If it bounces off the middle trendline and heads back up, then I'll need to wait for a better entry.
Nota
I was accurate in recognizing the divergence between price and volume and thinking the price could go lower, but I did not forsee LUNA crashing the way it did. Luckily, I did manage to sell my LUNA for a profit and because I was monitoring the price movement and waiting for a pullback, I did not open a new position.
Penafian
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