LUNA/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 33.507, 34.000, 34.500.
Key Support Levels: 28.695, 26.597, 21.918.
The price on the higher time frame found support around the daily key level (28.695 USDT) that coincides with the 61.80% Fibonacci retracement level. This led to a reversal and a move higher toward the previous all time high.
LUNA/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bearish channel formation with the help of a double bottom formation. The price is posting a correction count around the highlighted where we expect next a bullish wave toward the target profit.
Buy Limit Order @ 28.719
TP 1 @ 33.248
TP 2 @ 33.507
Stop Loss @ 27.106
Trade Safely 🙂