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LUNA/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 93.572, 94.286, 95.000.

Key Support Levels: 92.857, 92.220, 91.915.

1-Hr Time Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern in a form of a higher low. A reversal occurred and a series of higher highs and lows has been posted where further movement to the upside could be seen.

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 higher low 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 @ 92.889

Target Profit 1 @ 93.572

Target Profit 2 @ 94.1479

Stop Loss @ 92.212

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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