LUNC - still not late to the short game (do NOT overleverage)
The driving force behind the pump was the *burn mechanism - but even basic analysis shows that if CEXs don't onboard the burn mechanism the daily loss will be around $55k which for an inflationary token with a $3Bn market cap is Nada (note daily circulating token inflation is around $155k)
The *burn narrative - using pre-tax usage number to extrapolate post tax figures is bad maths. Application of the tax reduces LUNC utility as a chain compared to peers to essentially nil.
There are big holders - unlocking around $2.5m USD per day leading up to the 15th Sept. They're going to sell into this panic.
20th is burn day - most certainly sell that news but I'm positioning earlier than most.
Expect volatility, there WILL be a short squeeze, position accordingly and don't use leverage.
SL is pico top. TP 1 and 2 marked.
Happy hunting.
The driving force behind the pump was the *burn mechanism - but even basic analysis shows that if CEXs don't onboard the burn mechanism the daily loss will be around $55k which for an inflationary token with a $3Bn market cap is Nada (note daily circulating token inflation is around $155k)
The *burn narrative - using pre-tax usage number to extrapolate post tax figures is bad maths. Application of the tax reduces LUNC utility as a chain compared to peers to essentially nil.
There are big holders - unlocking around $2.5m USD per day leading up to the 15th Sept. They're going to sell into this panic.
20th is burn day - most certainly sell that news but I'm positioning earlier than most.
Expect volatility, there WILL be a short squeeze, position accordingly and don't use leverage.
SL is pico top. TP 1 and 2 marked.
Happy hunting.