LUNA goes for a correction. Small or large, still unclear. If this is a correction then we are at its origin.
Important range is the grey rectangle. An intersection between the last swing and the last Liquidity gap. If the range is overtaken downwards, then the correction becomes more significant. Next levels are the 2 red lines (sweeps). After that, it’s a clear short and we re-evaluate. If price bounces back from the grey rectangle, then we re-enter at the previous high.
Important range is the grey rectangle. An intersection between the last swing and the last Liquidity gap. If the range is overtaken downwards, then the correction becomes more significant. Next levels are the 2 red lines (sweeps). After that, it’s a clear short and we re-evaluate. If price bounces back from the grey rectangle, then we re-enter at the previous high.