LUNCUSDT trade ideas
LUNC Terra Classic Ponzi SchemeThe collapse of Terra's LUNA and TerraUSD cost investors over $40 billion.
Some of them lost their lifetime savings, others lost borrowed money and some even committed suicide.
This project made investors lose trust in the crypto space as well.
The CEO of Terraform Labs, Do Kwon, is facing criminal charges for building a Ponzi scheme in South Korea, Terra investors being victims of fraud. Billionaire Bill Ackman also considered the project to pyramid scheme.
Do Kwon was the one behind Basis Cash, another failed algorithmic stablecoin in which people lost $54 million.
Terraform Labs also lost US Appeal Securities and Exchange Commission Subpoena.
I don`t see a future for this project.
There is a chance that its founder, Do Kwon, end up in jail if the criminal charges for building a Ponzi Scheme will turn out to be true.
LUNCUSDT | Time for Correction?If we believe that the 5th wave has been completed, then we may be due for correction. The last time LUNC was this oversold, it jumped for more than 100%. I will be longing here.
Please do your own research. This idea is not to be considered financial advice. May YeHoVaH bless you.
Luna Classic: Then we will fight in the shade. I'm 356 Mg of caffeine into the day, and I'm no longer lying in the fetal position. Remember that scene in 300 towards the end where Leonidas and his last few soldiers stood surrounded by the Persian empire? Buckle the hell up; you are here.
The fed has begun QT, and the bears are crying about this impacting the market, but I ain't shook because everyone is stupid except me.
Keeping an eye on BTC, we dipped down but still maintained 30k by this morning, so turn up that hopium gas and look for another rally to 31k or possibly 35k. This may give us one last rally on LUNC before we see whether or not the market takes another downturn reaching lower lows.
Take note of the projections, watch the touch and retests of the downtrend line around 0.00010669, and BTCs movement. If we continue to rally, watch the touch, and retest at 0.0001200 and 0.0001300, those areas you may want to make out like a little rat.
This goes for both LUNC and BTC, BTC being the leader and LUNC following; pay attention to the direction of BTC during the following LUNC price points at 12000-13000 (IF we make it).
Look for a boring structure moving up slowly after that point, then draw some test lines from the recent high and low, and watch the price retest at the conversion. If we dip down at that conversion and touch back up, the smart money is likely baiting us with an uptrend structure and about to liquidate us fools, so here goes our final spear throw:
If we keep rallying past BTCs 31k and LUNCs 0.00013, take profits at the height of that pump and go the F*** home to your mom. Or, flip to a short if you're genuinely degenerate and insane, like me.
It's been an honor fighting by your side, Spartans.
Flash Sale on Luna CLASSIC token!Hello friends.
Imagine for a moment that the new luna token really just a rubber duck Walmart store. When the price goes down from the usual prices, it is on sale. We love to buy things that are on sale! When the prices goes up from the usual prices, it is too expensive. Premium prices! We hate paying premium prices, but we love selling for premium prices. At this Walmart lets say you can sell as well as buy. So it becomes a great idea to simply go shopping for things that are on sale, and sell them once they are at a premium price. This is the basis of all trading.
Thanks for playing.