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Skywalker-thelastjedi

Luna Can Go a Little Higher 30Min

Long
Skywalker-thelastjedi Updated   
BINANCE:LUNAUSDTPERP   None
Trend Analysis Harmonic Patterns Technical Indicators LUNAUSDT LUNAUSDTPERP lunausdtlong daytrading scalptrading futurestrading futuresignals futuresmarket
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trendanalysis harmonicpatterns indicator lunausdt lunausdtperp lunausdtlong daytrading scalptrading futurestrading futuresignals futuresmarket
Day Trading Futures - Luna Trade Set Up


Entry: 86.52- 87.18

Take Profit 1 - 88.33

Take profit 2- 88.84

Take Profit 3- 89.67

Take Profit 4- 90.00

Leverage - 20x


Stop Loss- 85.20

Comment:
Entry taken- 86.70
Comment:
We are waiting long for Luna to rev up, but luna is going to rev up!
Comment:
Stop Loss adjusted to 83.86- Not ideal trading but i feel my stop loss is to tight for my position size
Comment:
Decision to move the stop Loss, was made because, to place a stop loss directly on the support , as noted on the chart makes no sense as the coin will search for support in a downtrend
Comment:
Decision to move stop loss proved absolutely correct( well if i lose this trade it will prove to be a shambles) as luna blue past stop loss , However support on the 4 hr chart held. It is declining at a faster rate than bitcoin which is worrying.
Trade closed: stop reached
Comment:
Luna Trade idea was correct but entry was taken incorrectly- I abandoned the trade, however the lesson learn is that we MUST take entry on support. Also I could have exited the trade when it returned to my entry price and then reenter the trade after more analysis
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