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LUNA/USDT (Futures) Potential Upward Movement

LUNA/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 97.946, 102.490, 105.000.

Key Support Levels: 92.650, 89.238, 85.745.

Daily Time Frame:

The price on the higher time frame is in a clear upward movement where higher highs and lows has been posted. The market found support around the 89.000 USDT mark after a correction this could lead to a further movement to the upside in the coming hours.

LUNA/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 93.419

Target Profit 1 @ 97.946

Target Profit 2 @ 102.490

Stop Loss @ 88.881

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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