Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
Observing indications of the fall of BINANCE:LUNAUSD (Terra)
The Cryptocurrency world was shocked by the fall in the price of LUNA in the last 1 week. At the beginning of the week, it was noted that the price of LUNA opened at the level of USD 64.2x, and fell very deeply to the level of USD 0.02xx with a decline of 99%.
Prior to this fall, there was a very clear Rising Wedge pattern formed on the weekly time frame and unfortunately it was confirmed by the breakdown of the lower trend line and the price closing below it.
After that it continued with a very sharp drop like being hit by a "black hole" suction. In addition, the last 2 supports depicted by two horizontal lines were broken easily.
I hope that Luna holders without stop loss are able to deal with this risk wisely, and make it a valuable lesson for a better life.
As for the future hope for LUNA, I am personally pessimistic that LUNA will be able to bounce back as before, like an object that is sucked in by a "black hole" it will never return (except in the Interstellar movie).
Follow me for next update
___________
Best regards, @riandwip686
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
Observing indications of the fall of BINANCE:LUNAUSD (Terra)
The Cryptocurrency world was shocked by the fall in the price of LUNA in the last 1 week. At the beginning of the week, it was noted that the price of LUNA opened at the level of USD 64.2x, and fell very deeply to the level of USD 0.02xx with a decline of 99%.
Prior to this fall, there was a very clear Rising Wedge pattern formed on the weekly time frame and unfortunately it was confirmed by the breakdown of the lower trend line and the price closing below it.
After that it continued with a very sharp drop like being hit by a "black hole" suction. In addition, the last 2 supports depicted by two horizontal lines were broken easily.
I hope that Luna holders without stop loss are able to deal with this risk wisely, and make it a valuable lesson for a better life.
As for the future hope for LUNA, I am personally pessimistic that LUNA will be able to bounce back as before, like an object that is sucked in by a "black hole" it will never return (except in the Interstellar movie).
Follow me for next update
___________
Best regards, @riandwip686
Start from today it's just a scary memories for holders.