Luna 2.0 or Terra 2.0 is the new token that emerged from the hard fork of the Terra blockchain network. LUNA2 aimed to rescue the Terra Luna ecosystem following the collapse of the UST stablecoin in May 2022. Most of Terra's dApps and features migrated to the new chain.
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Sudden Reversal of 6.53%: LUNA price experiences a bearish start to the week with a 6.53% reversal.
Hanging on $1 Support: LUNA's price hovers around the crucial $1 support level, with buyers striving to maintain control.
Potential Drop to $0.82: A breakdown below $1 could lead to a correction phase, testing the 61.80% Fibonacci level at $0.82.
Market Pullback...
This is the pair that i initial shared the trade for.
There are some discrepancies between LUNAUSD between exchanges.
So the one that's above $1.45 USD.
The main target is around $4+ USD.
I will be sharing the numbers later on, we are using 7X.
Leveraged trading is for experienced traders only. There is plenty of risk involved.
Not for beginners.
Namaste.
Ideally I would buy at the 50DMA. I dont believe in this coin but just for fun, I would love to make a try.
Do not recommend it because its a high risk high reward setup.
Not financial advise.
Simple short on LUNA, entered at 3.6 with 3x leverage as this could pump illogically. Potentially gain to previous lows for a long swing trade. 4 will be an enormous barrier and one to add more to the position.
The simplest setups are the best, LUNA2 has broken its uptrend and entered a downtrend. The entry was based on the break of the uptrend support.
Entered short at 2.13, expecting to hold this one a while as LUNA2 slowly dies a death.
Poor fundamentals in a weak market.
LUNA2 is dead, the company and creator have fallen apart and are being investigated for the massive rug pull they just did. This project is going to disappear like Bitconnect cause everyone involved in the Terra Luna project will either go to jail or end up as fertilizer. Get out while its still worth dollars before it gets to 10 cents! This is not financial...
LUNA2 looks primed and ready to dump to really low levels. This new coin was a pump and dump and nothing more. The wedge broke through to the downside and a measured move to at least $2.70 and then probably further down as new speculative investors and holders hoping for a real revival are going to dump. It will dump really fast because there aren't that many...
This is pretty much the same setup at the old LUNA/BTC chart that i had but since the exchanges deleted that pair and launched LUNA2 while the old LUNA pair became LUNC i decided to repost this Gartley for the new LUNA2
Since my last update LUNA2 is not looking very good. I expected a solid bounce and then a continuation up but we've been hanging out around this major support which is beginning to get weaker by the hour. There is a major head and shoulders patter that has formed on the hourly time frame and if this plays out the measured move from the head to the neckline is a...
LUNA2 has some potential upside, I'm not sure how sustainable it is but I have my buy orders set at $6, $6.5, and $7 and selling around $17 to complete the 5th wave of this mini cycle. After that we will revisit and see if this price can be sustained or another major dump party to new lows. LUNA2 right now is only alive on hype and speculation and I don't...
