LUNAUSD - Targets and Stoploss
Hello everyone, let's take a look at the 4H LUNA vs USD chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.04
T2 = $ 6.54
T3 = $ 6.92
T4 = $ 7.24
and
T5 = $ 7.81
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 5.46
SL2 = $ 5.18
SL3 = $ 5.01
and
T5 = $ 7.81
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy for the next move, while the MACD indicator shows a local downward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.04
T2 = $ 6.54
T3 = $ 6.92
T4 = $ 7.24
and
T5 = $ 7.81
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 5.46
SL2 = $ 5.18
SL3 = $ 5.01
and
T5 = $ 7.81
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy for the next move, while the MACD indicator shows a local downward trend.
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