LUNAUSDT - Buy after confirm flag built
LUNAUSDT
1H trend chart
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LUNA is forming a bull flag and trying to take it out.
Additionally, there is a long-term support zone formed.
So if price can break out this flag until closure of 1H candle without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 44----Fib(1)
b) 46.19~47.07---Fib(1.272~1.382)
c) 48.97-----Fib(1.618)
Stop losses:
a) 39.64-----Red horizontal ray
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1. Never forget to setup TP1 once you take entry. Do not be greedy!
2. Original SL can be modified to assure unrealized profit after price starts going up.