LUNA/USDTERP Long-Term Trend: Bullish
Key Resistance Levels: 36.985. 37.000, 37.500.
Key Support Levels: 32.932, 30.804, 26.299.
The price on the higher time frame posted a bullish engulfing pattern around the 26.245 USDT mark which led to a reversal and a move upward. The market managed to break the daily resistance (now support) and retrace to it. Further movement to the upside is expected in the coming hours.
LUNA/USDTERP Medium-Term Trend: Bullish
On the lower time frame, the price is traded inside a wedge formation. A lower correction could be seen to the 61.80 % Fibonacci retracement level which signals an end of the correction before a new impulsive wave to the upside.
Buy Limit Order @ 33.024
TP 1 @ 36.363
TP 2 @ 37.000
Stop Loss @ 31.917
Trade Safely 🙂