LUNA Short

13 ต.ค. 2024

it's an update on short setup on LUN. as you can see we expected the price to come more deep in the premium area where that 1h OTE is place and we could possibly look for some sells but the price decided to react from equilibrium and shifted structure and broke structure after that.
from the current range price is still at premium so I expect it to come a bit lower after it can potentially go up. so as I marked in the chart there is some liquidity resting above the zone I marked and the high swept all the liquidity on the left side so this could be a good trade so I set my limit at that zone target a 1:2RR and stop loss above the recent high.
hope you all have a great day. make sure to boost and follow.

13 ต.ค. 2024

บันทึก

if the price goes more deeper that already is I'm gonna cancel mu limit order because it's is gonna be in the discounted area and the retracement to the upside gonna be the real up move and is not valid anymore for a short senario.

13 ต.ค. 2024

บันทึก

the LUNA short senario is not valid anymore and I canceled my limit order because price is already in the discounted zone and potentially gonna make its move and no sell is personally valid for me at this point

15 ต.ค. 2024

บันทึก

and as you can see as soon as the price came to the discounted area it made his real move and if we were in the trade we would've get stopped out of the trade.
overall the analysis was very accurate but sadly the price didn't taped us in the trade.