LUNA Classic, No Chances Back above 1 cent, Trading PlanHello my friends, today I want to talk with you about Luna Classic .
We all remember about Luna scam and how token fall 99.9%
UST was scammed and also fall 99,9% and now not trades none exchanges.
Now I think Luna can some time trades inside range (accumulation zone)
Support level 4000 sat and resistance level is 8500 sat.
I think some time price can accumulate in this zone and even make fake breakout of support level.
Then we can see some pump of luna token.
And I think we can see movement around 500% profit to next resistance around 20000-25000 sat.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
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LUNCUSDT.P 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.