Overbought LUNA should be corrected soon - SHORT it!

Take a look at the chart:

- Are we in the bull market now?
- No.
- Can Luna grow infinitely?
- No.
- Did Luna reach ATH?
- Yes

Is it time for healthy correction even considering this uptrend is going to continue.


The factors I considered:
- Recent ATH must be corrected
- Overbought oscillators (Stoch and RSI on 4H TF)
- Price just touched ascending channel's resistance
- Volume Profile shows levels of interest much lower

Zlecenie aktywne:

Luna had dropped down but eventually didn't reach even the 1st TP target. How long can this sh*t grow?

Anulowano zlecenie:

Seems like LUNA doesn't have plans to move down despite most of the market does.Got tired of trading this sh*t. Closing the trade