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LUNA/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 98.928, 100.868, 101.000.

Key Support Levels: 96.658, 93.781, 93.000

1-Hr Time Frame:

The price on the higher time frame is in a clear upward movement. The price managed to rebound to the upper side of the support after a deep correction with a big bullish bars showing that the buyers are still in control. Further movement to the upside is expected in the coming hours.

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

10-Mins 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 has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 96.987

Target Profit 1 @ 98.928

Target Profit 2 @ 100.868

Stop Loss @ 95.038

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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