LUNA is overall bullish trading inside the blue channels
Moreover, 60.0 is a strong demand zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. (acting as non-horizontal support)
As per my trading style:
As LUNA approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
