🎯Hi friends! From the top 7 most capitalized crypto to the top 32 in 2 days! WOW! Is this really the end for LUNA? In this idea, I will share my thoughts on this project and show you some hidden from retail traders point of view.
💹Luna is already droped by 97% from it`s ATH. It`s not something unusual, it`s a common things on crypto market (2017, 2020), but the cryptowinter become much earlier for this altcoin. Here is more opportunities than at any other markets because there is a lot of beginners that scared when it`s time to open a trade and so greedy when it`s time to close a trade. That's why the crypto is so volatile.
✅This could be the biggest scam in cryptocurrency history or the best buying opportunity in months. If you want to buy this altcoin use small % of your capital and open the trade only after your strategy confirmed it. Leverage is very dangerous at this moment because the market is too volatile, so use spot only.
As you may know, the UST has lost its peg to the dollar and has already fallen to $0.25 per UST today.
Why did the collapse happen again? All of the Bitcoins that were on Luna Foundation's security were withdrawn from major accounts and sold to secure a peg to the dollar, but that dump the price even lower.
📊I marked 2 value zone for LUNA in the recent idea. The second one is a support for the price now. So if you want to get more info about LUNA techical(TA) and fundamnetal analysis, please check it!
🚩Treasury Secretary Janet Yellen at Tuesday’s Senate Banking Committee hearing said that stablecoins present ‘risks to financial stability.’. This message from the government officer is so clear. Maybe it`s time to hold different stablecoins (USDT, BUSD, USDC etc.) on your wallet or exchanges.
🦢Maybe stablecoins BLACK SWAN is coming?
Let me know in comment what do you think about this situation on crypto market?
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
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Comment: Hi friends! I made the idea about the next Black Swan that may heppen soon. If it heppen to one UST is it heppen to another stablecoins? Maybe all stablecoins are in danger? I hope it will be very useful in current market conditions.
I'd be interested to see what Do Kwon comes back with. So far, he has told investors to 'hang tight.' and is close to 'announcing a recovery plan' that was 18 hours ago. Part of me is hopeful that he will be able to, at the very least, breathe some life into the project. Maybe it can climb again, more than likely at a much slower pace - if that is the case, then the price now is a good investment. OR, it could sink altogether. Would he risk a reputation on this, maybe, but it's worth seeing what Do Kwon comes back with. If it's negative, I count this as a bad investment that went horribly wrong.
Blakberi
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@VinZa If he scams investors, can he be sued and face thousands of arbitration cases?
Successcor
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I don’t know! I think I will wait for 0.55 to buy. The knife is too sharp
@imansdz, not really, i bought the coins at 0.33 and it was just a small amount. I will hold them and keep them as a souvenir. Reminder that even big projects can fail