Overbought LUNA should give liquidity to other crypto projects in bear market conditions. Enter: 65 SL: 72 (1% risk) TP: 24 (12% profit)
Buy : 0.0670 SL : 0.0570 TP1 : 0.123 (83% profit) (close 30% of position) TP2 : 0.28 (317% profit) (close 50% of position) TP3 : 0.51 (750% profit) (close 20% of position) Midterm long position (2-3 months) with trailing stop (10%)
Open: $4.3 SL: $3.1 TP 1: $14.3 TP 2: $34.3 TP 3: $76.9 Longterm Long (10-14 months)
Mid term trade till november 2021 TKOUSDT take profit aroound $8
Long after breaking through the descending channel - 1110-1130 price levels TP1 - 1225 (20%) TP2 - 1589 (60%) TP3 - 1767 (20%) SL - 1000 Risk/Reward Ratio - 4.44:1
When I was drawing a channel for the price, I noticed that the price moves in a grid of two trend lines with angles of -25 and 50 degrees. These lines serve as resistance and support for the price, and this allows you to find the price extremum points.
In the next several weeks the direction of trend will be determined. Volume drops, price in triangle. If price drops under 7000 this may mean that the global trend changes to bear, else price rises above 10000 it may mean that the bull trend in full force.