Jack's Trading Classroom | LUNAPERP Buy Setup Short Review

Currently, we are looking at the four-hour candlestick chart of LUNAPERP. Earlier, LUNA retraced to the support channel of the four-hour EMA144 and EMA169 moving averages, and closed above the EMA12 filter line, forming a buying condition.

Currently, we are looking at the four-hour candlestick chart of LUNAPERP. Earlier, LUNA retraced to the support channel of the four-hour EMA144 169 moving averages and closed above the EMA12 filter line, forming a valid buying condition.

It is judged that the retracement is complete and the uptrend on the four-hour chart is likely to continue. The current price is below the entry point after the buying condition is met, and the stop-loss point should be set at the previous low of 15.732. The leverage should be adjusted according to the liquidation price, and the take-profit target should be determined based on future market trends.

In recent days, the digital currency market has experienced significant volatility. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to avoid additional losses due to volatile market conditions. This article is for personal commentary only. Please consider it carefully, as cryptocurrency trading may pose risks to your capital.

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