Full Power Rise? LUNA Price (LUNAUSDT) – Trend-Following Setup!

STP (STPT) Coin Explained - Binance Academy | Altcoins

LUNA is overall bullish trading inside the blue channels
Moreover, 60.0 is a strong demand zone .

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. (acting as non-horizontal support)

As per my trading style:

As LUNA approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

LUNA/USDT Chart

Always follow your trading plan regarding entry, risk management, and trade management.


Good luck!


All Strategies Are Good; If Managed Properly!

~Rich

STP (STPT) Coin Explained - Binance Academy | Altcoins

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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