There was a live AMA just a few minutes ago with CZ of Binance. He just smashed everyone's hopes of off chain burns, and Luna is now dumping. No trader in their right mind would ever trade Luna with that type of burn. Cant steal from Peter to pay Paul. I told you guys this would happen, and if I was you and I was still holding bags, then I would take profits now before Luna dumps down to .00008 and everything is lost. There will be heavy selling coming soon. Once Luna breaks .0002 then everyone will get scared and dump at the same time. Luna burning at the rate its burning now on chain will take 20 years to burn down to 10 billion. If CZ of Binance is not going to support the off chain burns then no one with any decent volume will either. Hype is over, time to move on to the next hype coin!
We broke support and next support is down at .00014 on the 4 hour and then .000085. I hope everyone is able to take some profits before this thing hits the floor. They should have named this coin TERROR LUNA for how much its terrorizing people. I wish you all the best of luck. This is not trading advice, this is just my opinions and speculations. Thank you
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He also just disabled withdrawals as well!
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He came out with an article about how he will have an opt in button for the off chain burn. There will probably be a pump due to this. I dont think it will be sustained though
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Luna is now in freefall after breaking the support trendline, see my new chart for a more detailed current analysis.
Not sell even a penny. Just holding and staking long therm. If it fall again again buying and adding it to stake holding.
panteastea
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wooow here we go, everybody panic sell..
Bitgolder
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@panteastea, The panic selling hasnt started yet, wait till people get home from work later and then after we break .0002 its all over but the crying. Thank you for your comment.
miketomlin
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@panteastea lol. I'm a natural Bear so.... I'll be happy to see a waterfall. It's a blessing from God placed right into my lap to get more coins at cheaper prices. I play on the side of the market makers/whales/institutions. Let the waterfall begin! ↘️⬇️👇😁😄😃😂🌊⤵️📉😃😃
Bitgolder
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@miketomlin, Definitely a good opportunity to accumulate more at much lower prices