Terra’s Luna (LUNA)
Hey hey hey!
It’s pretty clear at this point that you can knock crypto down, but it keeps coming back stronger than ever as former resistance levels turn into new support levels.
That’s most obvious in Terra’s Luna (LUNA).
This is a digital currency designed for crypto mining and governance to issue stablecoins, pay “gas” costs, and vote on the blockchain.
It’s one of crypto’s biggest gainers, and it is a tantalizing Chart of the Week.
There’s great relative strength in the sector, on the platform, and in the coin itself.
We love LUNA as long as it’s above $87, and think it’s a monster winner with a target of $140.
This is extremely well-defined risk vs reward, especially as that former resistance turns into support.
Below $87, we’re out of the trade, but above that level we are long and riding it for a big win to $140.
Til next week, good trading,
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