LUNA Short term short scalp - 1 hr chart

Luna had a quick run up to 37.30 where it was rejected previously on the one hour chart. Expect a retrace to previous support levels in the next 12-24 hours, subject to BTC's performance. Volume is up and it's nowhere near ATH, so keep a close watch or tight stops. A closing above 37.75 on the 1 hour would be a strong indication of invalidation.

Targets:

35.8
35.16
34.82
34.15

Commento:

I would consider this a new entry point. Next resistance is at 38.8 on the 1 hour chart, if that breaks and holds, would invalidate again.