LUNC false break-down alert?
Hi guys,
LUNC has been consolidating in a box since November 2022. Its pattern is interesting.
We can see that there is likely a false break-down after recent moves of LUNC. Based on Wyckoff methodology, it could be a Second Test in Phase B or a Spring Test.
In both cases, it's logical that prices will retest the higher range.
As these reasons, the proposed setup is in chart.
And you, what's your view on this crypto, almost forgotten?
LUNC has been consolidating in a box since November 2022. Its pattern is interesting.
We can see that there is likely a false break-down after recent moves of LUNC. Based on Wyckoff methodology, it could be a Second Test in Phase B or a Spring Test.
In both cases, it's logical that prices will retest the higher range.
As these reasons, the proposed setup is in chart.
And you, what's your view on this crypto, almost forgotten?
Komentarz:
Trade closed due to bad macro context (linked to banks)
Zlecenie aktywne:
Trade reactivated
Komentarz:
+8% but still has much room to grow
Zlecenie zamknięto ręcznie:
Closed before Fed meeting
Zlecenie aktywne
Komentarz:
Every coins have gone up. Why does LUNC still consolidate below the range?
Komentarz:
LUNC prices are at lower trendline of a falling wedge
Komentarz:
I close this trade because LUNC breaks the wedge's lower trendline
Zlecenie zamknięto ręcznie
