TRADE ALERT(S) - #LUNC #DOGE
Stopped out of LUNC. Added more #dogecoin!
First, the bad news. Stopped out of Luna at 0.0003. Notice both the drop below our Cup and Handle neckline (invalidating this pattern) and a drop below the ascending black trend line. Furthermore, the RSI shows a drop below significant support. These drops are highlighted by the red circles.
I went big on Lunc. Hindsight is 20/20 but I was too overleveraged in such a volatile alt. Fortunately, I was wise enough to keep a fairly tight stop limit on this one.
After the stop out, I decided to add to my Dogecoin position. With the leverage, I am now 32,800 coins deep on this trade and have a better outlook on this trade. Notice below that we are currently sitting on good support as a level intersects the 50 dma for a strong area of confluence. Target remains .0937
Best to you all!