Hi traders,
Just looking at LUNA and i am of the opinion we are in for another epic pump.
For context, FIRMLY believe
1) LUNA has further longevity as a coin considering the drawn out plans to recoupe investors loses/the big VC within original luna.
2) Do kwon is/has been using LUNC for liquidity to eventually pump LUNA back from the lows. (much to this point but its my assessment from research)
3) LUNC will collapse to 0 again.
Now we see the 2.3 area has held and that is the trigger to get on the longs, volume is not increasing and I suspect we will be making strong moves within 24hours.
Targets vary ALOT, so its wise to scatter TP points all the way up and even above the $8 high. Perhaps its a minor pump back to $4-5, but i truly think we will see a $8-10 price hit again.
Personally i am just trading LUNA and don't intend on holding for extended timeframes, if it pumps to $5 or more i will be selling gradually.
LONG TRADE
ENTRY 2.3-2.5
SL 2.28
TP considerations
1 - $3.8
2 - $4.2
3 - $4.8
4 - $5.2
5 - $5.8
6 - $7.8
7 - $8.8
8 - $9.2
Just looking at LUNA and i am of the opinion we are in for another epic pump.
For context, FIRMLY believe
1) LUNA has further longevity as a coin considering the drawn out plans to recoupe investors loses/the big VC within original luna.
2) Do kwon is/has been using LUNC for liquidity to eventually pump LUNA back from the lows. (much to this point but its my assessment from research)
3) LUNC will collapse to 0 again.
Now we see the 2.3 area has held and that is the trigger to get on the longs, volume is not increasing and I suspect we will be making strong moves within 24hours.
Targets vary ALOT, so its wise to scatter TP points all the way up and even above the $8 high. Perhaps its a minor pump back to $4-5, but i truly think we will see a $8-10 price hit again.
Personally i am just trading LUNA and don't intend on holding for extended timeframes, if it pumps to $5 or more i will be selling gradually.
LONG TRADE
ENTRY 2.3-2.5
SL 2.28
TP considerations
1 - $3.8
2 - $4.2
3 - $4.8
4 - $5.2
5 - $5.8
6 - $7.8
7 - $8.8
8 - $9.2
Kommentera:
ULTIMATE TP line is $11 (so have set the total close for the long @$10.15)
wise to set high and ahead of time considering pumps are so fast you may miss it
wise to set high and ahead of time considering pumps are so fast you may miss it
Kommentera:
HEDGED WITH SHORTS - MAY BE LOOKING TO GET A BIG LIQUIDATION WICK TODAY OR TOMORROW BEFORE PUMPING
My thoughts