LUNA Technical Analysis.
Daily TF:
Strong bearish divergences, trendline confluences & strong fib levels, strong resistance.
Reclaim of the horizontal trendline or a closure above $89 is an invalidation of this setup, however, in order for this full setup to play out hiding your SL above $94 would be a better deal, 1.14 fib level..
Good R:R but might take days to play out.
Daily TF:
Strong bearish divergences, trendline confluences & strong fib levels, strong resistance.
Reclaim of the horizontal trendline or a closure above $89 is an invalidation of this setup, however, in order for this full setup to play out hiding your SL above $94 would be a better deal, 1.14 fib level..
Good R:R but might take days to play out.