Looking for a retracement on LUNA back near or under $73.21 (bband top) before opening a short term (4-12 hour) long possibly a perpetual or leveraged position.
Criteria below:
1. LUNA closed over 200 DEMA on 1 hour chart at 04:00 12/7/21
2. Possible 200 DEMA v 50 DEMA bullish crossover (waiting on the next candle or two for confirmation)
3. MA has crossed EMA at 16:00 on 12/6/2021 and closed above ever hour since
4. MACD index well over 0 and well over the signal on an upward trajectory
5. Strong volume on green candles
6. Fear and Greed for Crypto still at extreme fear (alternative.me/crypt...ear-and-greed-index/)
We want to buy when the fear is up. And sell when the greed is full. Markets trend opposite of emotions/sentiment.
**There's 25 min left in the hour and it looks like the bullish confirmation is coming in on the one hour chart. I would prefer to buy on a red candle, most likely will stay disciplined and wait for a retracement.
DONT GET REKT.
Take profits on the way up, and set stop limits.
Criteria below:
1. LUNA closed over 200 DEMA on 1 hour chart at 04:00 12/7/21
2. Possible 200 DEMA v 50 DEMA bullish crossover (waiting on the next candle or two for confirmation)
3. MA has crossed EMA at 16:00 on 12/6/2021 and closed above ever hour since
4. MACD index well over 0 and well over the signal on an upward trajectory
5. Strong volume on green candles
6. Fear and Greed for Crypto still at extreme fear (alternative.me/crypt...ear-and-greed-index/)
We want to buy when the fear is up. And sell when the greed is full. Markets trend opposite of emotions/sentiment.
**There's 25 min left in the hour and it looks like the bullish confirmation is coming in on the one hour chart. I would prefer to buy on a red candle, most likely will stay disciplined and wait for a retracement.
DONT GET REKT.
Take profits on the way up, and set stop limits.
Commentaire:
it is now 07:48 and luna has taken a healthy retracement back into the bands