LUNAUSDT trade ideas
LUNA2USDT.PHello Trader BINANCE:LUNA2USDT.P
the luna area is over bought for now and just wait in the area of the buy limit entry point on the green line, because the biggest possibility will definitely retest the bounce in that area.
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Disclamer: Not Financial Advice
Terra ($LUNA) Soars as Founder's Legal Saga Takes a New TurnTerra ( NASDAQ:LUNA ) Skyrockets Over 26% After Do Kwon’s Release
The imminent release of Terra ( NASDAQ:LUNA ) founder Do Kwon from Montenegro's prison stirs a 26% price surge for Terra (LUNA).
Market Analysis and Performance of Terra ( NASDAQ:LUNA )
The announcement of Do Kwon’s impending release has coincided with a notable surge in the price of Terra ( NASDAQ:LUNA ). Investors have responded positively to this development, leading to a significant 26% increase in Terra’s price. Currently valued at $1.105, with a circulating supply of $630,798,184.69 and a market cap of 690,802,291 LUNA.
Terra’s recent performance has been impressive, with a 22.4% increase in price over the past 7 days and a remarkable 72.7% surge over the last month. These figures indicate a strong upward trend, suggesting favorable conditions for potential investors. The market sentiment surrounding Terra ( NASDAQ:LUNA ) is optimistic, with many recognizing its growth potential amidst recent developments.
Background and Context of Do Kwon’s Legal Situation
The legal saga surrounding Do Kwon traces back to a forgery case involving a fake passport, which ultimately led to his imprisonment in Montenegro. Following his arrest, Kwon was convicted by the court in Podgorica and subsequently served a prison sentence. However, the situation has been further complicated by conflicting extradition requests from the United States and South Korea, each presenting different charges against Kwon.
The ongoing legal battle has underscored the importance of the Montenegrin Supreme Court’s review in determining Kwon’s extradition fate. This review process will be crucial in assessing the legality of the extradition requests and addressing the concerns raised by Kwon’s legal team. Furthermore, the announcement of Kwon’s release holds significant implications not only for his personal circumstances but also for the trajectory of Terra ( NASDAQ:LUNA ) and the broader crypto market.
LUNA2USDT.PHello Trader BINANCE:LUNA2USDT.P
the closest resistance area in this area I have marked the yellow area and the take profit area has been marked with the fibonaci swing area, the support area is the smallest.
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LUNAUSDT - What about LUNA? - Mid-term targetHi to all TV people, this is my LUNA idea.
Like most of you know, LUNC and LUNA are historically related since last year.
But how deep is this correlation?
Long story short:
1) Lunc is the ex Luna token, the one plunged from 120$ to sub 0$ .
There were a relation with UST (now USTC), terra stablecoin.
UST started the de-peg from original price of 1$ due to 85 million UST being swapped to
USDC.
Then LUNA started printing tokens to re-peg UST, but death circle started and whales started
selling more UST (most losing money), causing a lost of value on LUNA.
Also LUNA tokens were sold by holders in loss.
The Terra blockchain was halted for the first time in his history on May 12, 2022, at block
height 7603700 to stop the infinite token printing.
Everything happened in just few days.
2) May 28, 2022 a new Luna (Luna2) was launched as post hard-fork token.
Do you remember some other hard fork token? I'll tell you: ETH and ETC.
I won't go further because I'm doing a technical analysis, not fundamental.
All of this to get to the point: Lunc and Luna aren't the same token, most of charts from exchanges are showing wrong history price.
So this LUNA2 token price starts officially from 1$.
Now, we have this accumulation stage, with the falling wedge that Luna already broke out.
The first, measured, target price is around 2.5$.
Should you trade it with high leverage? Answer is NO . Yestarday dumped from 1.22$ to sub 0.9$ (depends from the exchange) in matter of minutes.
Then, after some time of consolidation, or maybe less, next target would be somewhere between 4 and 4.5$.
LUNC and LUNA are bonded by history and price action. So I expect more gains from here as Lunc did in the past week.
This is my view, not a financial advice. Always DYOR.
Luna Waking From the DEAD?Hello Dear Traders.
i tried to make it simple!
Horizontal lines are The Important levels!
Hopefully the Start of a Big Bull Run incoming!
Next Resistance closing above it will accelerate 1.273
Then 2.70
Closing Above the last will Signal The Great Bull RUN.
That was Simple right ;>
Best Regards
Wish You best of luck
Luna - Jinny Gann Grid - Important Levels for Small Cycle.Jinny Gann Grid & Levels are on the Chart
Jinny Gann Grid/Horizontal Lines Works as Support / Resistance.
Important levels for the Big Cycle on the chart.
Please Make sure u need to zoom in to Present to see a good picture of Important Support/Resistance
Crosses Near the price X. Expect a Reversal at the Exact point with High Probabilities.
Every line on Chart was Drawn Based on Equations... not Manually
My Theories... Implemented it to Jinny GANN R
Best Regards
Trade Wisely.
🔥 LUNA Revenge: Back To Former GloryLet me preface that this trade is very risky and not likely to hit it's target. Risk=reward. You can potentially 126x your entry amount, so compare it with a lottery ticket.
LUNA has broken out of a 1.5 year bearish channel pattern, which dominated the trend after the collapse back in May of 2022.
This trade is based on the idea that LUNA will, miraculously, go back to it's former highs by the power of short-squeezes and memes.
Wait for the price to reach above 1.3$ to confirm a longer-term trend shift. Stop below the recent swing-low.
LUNA is bullishA bullish pattern is formed on the chart from the place where "Start" is inserted on the chart.
Wave A of this pattern is a diametric and wave B is a triangle.
It now seems to have entered a bullish wave C, it is expected to pump to the supply side or even beyond while maintaining the green range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You