✴️ Luna Fail Trade, Chart Setup Update + 5 Steps Pattern

31 Mar 2023

Three things for LUNAUSDT, the trade signal, the chart setup and the 5-step pattern.

I shared a leveraged trade and this one failed but the chart setup remains the same, meaning that the bullish potential is still active/valid.

First, how you approach a trade is completely up to you based on your experience, goals, capital, risk tolerance, trading style, etc. But I always recommend between 1-5% of your capital per trade, normally 3%. (You are also supposed to have a portion that is specifically for lev. on top of your cash and spot reserves)

If you have a $1,000 USD capital and use 3% on one of these trades and the trade fails, that's $30 down and you still have $970 left to continue trading.

If the trade is a success, just that it breaks up, the potential goes immediately to 100%, 200%, 300% and more, we have many of these results.

That's the importance of following the position size because we diversify because we can't win them all. The majority are hit/win/success and thus short, mid and long-term you end up in profits if you do it right.

Now, the chart setup remains valid.

You can have a good trade go bad.
You can make the right decision and still lose.

You can also have a bad trade do good.
You can make a very bad decision and still end up winning.

The goal is to do it right and have a well defined plan, so that you can control your risk and know everything that is happening at all times.

Ok, the chart...

LUNAUSDT hit a low December 2022, this is the same for most of the Altcoins and recently we looked at LINKUSDT and ADAUSDT and the 5-Steps pattern, you can find this in the related ideas below.

We are at number #3 here and #4 is yet to develop, check Cardano for the details.

We have a higher low in March 2023.

As long as LUNAUSDT trades above the 10-March low the bullish potential remains intact. This is a question I received from one of my supporters.

Then the December 2022 low, above this level the potential for a new high remains valid.

Only if these support levels break then the bullish bias is lost.

Traders can hold easily, knowing this.

Margin traders can increase their collateral or do whatever their plan/experience calls for, this is not financial advice only my experience that I am sharing.

If the support breaks, look at the red arrow. That's a miss.

So the numbers can fail but the chart setup that called for these numbers is still valid... Those that makes sense?

I hope it does.

Namaste.