🌝 Technical Analysis: Terra ( $LUNA )
The LUNA chart shows a clear, smooth downtrend.
🟡 The movement is consistent, without sharp reversals exactly the kind of trend that gives traders solid opportunities to work with.
How to trade❔
💬 Primary scenario with the trend: Open a short position when the nearest low is broken and the candle closes below it. Place the stop-loss behind the nearest local high.
💬 Take profit before the next support level below. The risk/reward ratio looks attractive.
💬 Alternative scenario reversal play: If the downtrend begins to break, open a buy on a breakout of the resistance level. Stop behind the nearest extreme.
💬 Profit before the nearest level above. The risk/reward ratio here also looks workable.
Conclusion:
LUNA offers two clear trading scenarios at well-defined levels. Choose based on the situation, and calculate your risks in advance.
📈 Open trade with $LUNA
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