Panjang
Final update on Lunyr
This is the first time I do 3 charts in a row, but in this situation, I believe it is needed to reassure the people who got into the trade.
My previous trade is still valid, however, we took a different path, and we are now forming a bullish triangle. Why bullish ? :
- We are above the EMA lines
- EMA lines just crossed as we speak to the bullish momentum
- We're not dropping back to previous levels, which means we are in heavy accumulation phase
- We are going up over time if you look at the larger time frame
A move has to happen very soon, and all those indicators are signaling bullish. Every trade has risks, but this is a trade I took, because I believe the risk is lower than others.
The trading strategy will be the following :
- I put a sell order around 0.00167 for a first break out, trying to anticipate a cup and handle formation.
- I will rebuy the, very short, dip, around 0.00155
- I will set my sell order around the KIJUN retest level, which now corresponds to approx 0.0022 ish
Good luck
My previous trade is still valid, however, we took a different path, and we are now forming a bullish triangle. Why bullish ? :
- We are above the EMA lines
- EMA lines just crossed as we speak to the bullish momentum
- We're not dropping back to previous levels, which means we are in heavy accumulation phase
- We are going up over time if you look at the larger time frame
A move has to happen very soon, and all those indicators are signaling bullish. Every trade has risks, but this is a trade I took, because I believe the risk is lower than others.
The trading strategy will be the following :
- I put a sell order around 0.00167 for a first break out, trying to anticipate a cup and handle formation.
- I will rebuy the, very short, dip, around 0.00155
- I will set my sell order around the KIJUN retest level, which now corresponds to approx 0.0022 ish
Good luck
Nota
Trade will get invalidated if this formation fails.However, this is still a good long term hold, as we are near the bottom. I will not sell if this fails.
Nota
FOR THE INFO : The trend lines that are on this, are the same trend lines I drew that I kept from my previous chart. Those are not the current trend lines!Nota
This is quasi confirmed. I am thinking of canceling the cup and handle trade, I believe if it moons, it's going to one shot. Might aswell just put my sell order now around 0.0021Nota
Looks really good. I don't know how to embed charts in comments, but I updated my chart with the correct trend lines, and modified the fib lines.Nota
I have no idea what's going on lol, BUT it looks really good, why ? Because overtime, Lunyr has gained price and has not dropped back to previous pricesNota
Still not over, target changed to 0.00190Dagangan ditutup: sasaran tercapai
I am closing this trade. It can go way higher, but as a trader, I stick with the "no greed" formula
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.