A few days ago, we published the idea of Terra Luna 2.0. And the fact that the LUNAUSDT price did not reach $8.5 and immediately fell to the level of $2.5 is a bad signal.
We warned about the high volatility and manipulability of this asset. Trading LUNAUSDT with leverage is with possibility 80-90% drop of your deposit to 0.
Two possible scenarios in our opinion from the neutral side, as we do not trade this asset:
A positive scenario will come if buyers manage to fix the LUNAUSD price above $3.80-4. Then it will be possible to at least start dreaming about growth to 11-14 dollars. The stay of the LUNA 2.0 price below $3.80 indicates the weakness of buyers and, accordingly, the possibility of a further fall to the round level of 1 dollar
We consider $1.80-2.20 as a critical zone of support for buyers, below which a drop of another -50% is very likely _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)