The price of LUNA has been ripping of late and after a straight strong green days on the daily chart we saw a big ugly red reversal candle.
Not gonna lie, it caused me to book profits on my trade which I had an average entry price of 59 on, so the trade did work out fine, but never fun when it keeps pushing more.
Despite the reversal candle price pushed again, probably to touch that $100 level. Either way it is overextended at the moment so we shall see if $100 proves to be a top or point of consolidation.
I delve into in the video below...
