LUNA Short Trade Entry Still in Play - Will Our Entry Get Hit?
Hello Traders,
This is just a quick update from the LUNA short trade entry post I made a few days ago.
I also included the entry and exit points from the last LUNA long setup I called just for reference so you can see the consistency of technical analysis.
- The trade is still in play as of right now.
- LUNA came very close to hitting our entry target today. If any of you entered a short at the high of $99 and took profits at $90 congrats.
- The risk was still to high for me to enter considering LUNA still had a few dollars left to move before hitting my entry target of $103.
Just to recap...
- I'm expecting LUNA to hit $103 then pullback to the .382 FIB level at $92.85.
- Enter the short at $103
- Take Profits at $92.85
- Stop Loss at $112 (Or whatever your risk tolerance is)
***Important Note***
- This is time sensitive. LUNA has to hit the $103 target fast, within the next couple days. If LUNA spends several days consolidating first then moves up slowly this trade setup is invalidated.
That's it, you can always go back and reference my last LUNA post to get the entire detailed analysis for this trade setup.
Happy Trading and Best of Luck!
This is just a quick update from the LUNA short trade entry post I made a few days ago.
I also included the entry and exit points from the last LUNA long setup I called just for reference so you can see the consistency of technical analysis.
- The trade is still in play as of right now.
- LUNA came very close to hitting our entry target today. If any of you entered a short at the high of $99 and took profits at $90 congrats.
- The risk was still to high for me to enter considering LUNA still had a few dollars left to move before hitting my entry target of $103.
Just to recap...
- I'm expecting LUNA to hit $103 then pullback to the .382 FIB level at $92.85.
- Enter the short at $103
- Take Profits at $92.85
- Stop Loss at $112 (Or whatever your risk tolerance is)
***Important Note***
- This is time sensitive. LUNA has to hit the $103 target fast, within the next couple days. If LUNA spends several days consolidating first then moves up slowly this trade setup is invalidated.
That's it, you can always go back and reference my last LUNA post to get the entire detailed analysis for this trade setup.
Happy Trading and Best of Luck!