DO NOT TRY TO CATCH A FALLING KNIFE!

Luna seems to be a logical project.

It can thrive in the future and get back into the top 10 crypto by market cap but be careful!

It can still be early to buy in!

In a week Luna lost around %90 of its value!

This means something!

Also its stable coin lost around %65 of its value in the last couple of days!

In the long term chart doesnt look good!

We broke out important support zone with high volume!

There are 2 strong support at levels of
5.23
4.08

and price bounce back at around 4.08 today!

But there was strong supports around
44
22
18
8

Luna explosively brokeout below all of these supports to lose around %90 of its value!
Also volume is insanely high!
Every1 is selling!
Do not buy from this point!
Wait for price to consolidate this week!
It can still go below 4.08 area!
If it breakdown 4.08 area

Supports are

3.06
1.48
0.91
0.55

Take care and act with common sense!
We are in a crypto winter!
DO NOT BUY without stop loss!

Follow for more ideas and charts!

Comment:

OK i know i said "do not try to catch a falling knife" but i will buy from
1.48
0.91
0.55
with %3 of my total portfolio!
Not an investment advice!
I just think it may rise again in the long term if Terra project do not go bust completely!