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LUNA2 / TetherUS PERPETUAL CONTRACT

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LUNA2USDT.P trade ideas

LUNC vs LUNA - Correlation Shift!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Many creators / authors here perfectly covered the fundamentals regarding LUNC and LUNA. So I thought it would be a good idea to translate it into numbers, how I digest things better as a pure price action trader. Let's split the charts into two phases: PHASE 1: Green Level: 29 May 00:00 LUNC (Left Chart) rose 117% while LUNA (Right Chart) rose 28% The correlation between LUNC and LUNA was positive. But LUNC won the battle big time! As both assets rose, but with LUNC moving upward more aggressively! HOWEVER... here is when it becomes interesting! PHASE 2: Purple Level: 30 May 09:00 LUNC (Left Chart) dropped 57% while LUNA (Right Chart) rose 50% The correlation suddenly shifted from Positive to Negative. What really happened in PHASE 2 ? Are LUNC holders taking profit to buy LUNA? Which team are you in? LUNC or LUNA? None? and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
Luna update from previous chart - I told you!I will post my previous chart on the bottom. I have extended the support/resistance zones. I had highlighted the future support line in orange in the previous chart, and that's exactly where we need to go towards now, as the resistance I drew earlier has been hit. There is no strong pattern being formed right now, so in terms of movement, I don't expect anything crazy, just a little of accumulation or a few days. Then I will update again. Currently a short because I want to see some support line being formed. But it is not a very deep short, only towards $5.8 - $5.5. After that It may pump or not. Will have to check again later.
Short
by BARSTrading
5
All Trends Are Derived From PainThe market is a zero-sum (technically negative-sum) game. All Trends Are Derived From Pain placed upon one side of the market. Currently, we see something somewhat sad happening with Luna. The people who got rugged by the luna Ponzi Scheme have decided to short in mass numbers on the New Luna Ponzi 2.0. The problem with this is that there are too many of them shorting. When too many traders take the same trade, and they end up being wrong, they end up being VERY wrong, and it's a situation like when we shorted APE earlier: We were right long term, sure, but so many others saw the same thing and also shorted, so it pushed up to force us all out. That's what is happening here. The funding rate for Luna is currently -1.5% on OKX, which is the lowest funding rate any asset has ever reached as far as I know. It means that futures is trading at a dramatic discount to spot, and that people are willing to pay hand over fist to short this token. The problem as I said, is that if they are made to be wrong (price rises), they will all have to use market orders to exit their short position (market buy orders). This creates the potential for a big "scam wick" to the upside to occur. Considering they pulled the rug once on this asset already, it goes without saying that we need a stop loss. LOL.
Long
by bowtrix
2
Do Kwon where is 3,5kk % green candle, I don't see it on chart🤨Hello my friends, today I want to talk with you about LUNA . Luna 2.0 is already launched and now new luna trades around 5,7 $ We don't see pump candle on 3.500.000 % so anyone can't make profit on this. But previous coin terra (luna) classic still trades at $0.00008516 and probably will not grow in near future. About current situation I can show you support zone 3-1 $ with exact support level at 3$ And resistance zone 24-40 $ with resistance level 24 $. I think price can correct to support level and start to grow higher. Because of current Luna token is new token which has no actual relation to the previous luna classic token. 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. And please don't forget to support this idea with your like and comment, thank you.
Long
by AtlasTrades
41
Why Terra’s LUNA & UST Crashed (On-Chain Data): #crypto #web3Nansen's report just invalidates the popular narative that one hostile party responsible for the crash of Terra’s LUNA and UST. His report focused on transactional data between 7th & 11th May, 2022; There are 7 wallets played a role in the depeg of UST. Summary Of Nansen's Report: "Our on-chain investigation revealed that a small number of players identified vulnerabilities early into the UST de-peg, specifically in the relatively shallow liquidity of the Curve pools securing TerraUSD (UST)’s peg to other stablecoins, and moved to exploit these by: 1. Withdrawing UST funds from the Anchor protocol on Terra 2. Bridging these funds from Terra to Ethereum via the Wormhole infrastructure 3. Swapping significant amounts of UST to other stablecoins in Curve’s liquidity pools, and 4. During the de-pegging process, likely arbitraging inefficiencies between various pricing sources (Curve, decentralized exchanges, and centralized exchanges) by buying and selling positions between CEX and DEX markets. As such, we refute the popular narrative of one “attacker” or “hacker” working to destabilize UST. The de-peg of UST could instead have resulted from the investment decisions of several well-funded entities, e.g. to abide by risk management constraints or alternatively to reduce UST allocations deposited into Anchor in the context of turbulent macroeconomic and market conditions. Our analysis was organized in three phases. In phase 1, we analyzed the transaction flow in and out of the Curve lending protocol. We compiled a list of wallets whose transactional activities indicated they may have impacted the de-pegging of UST. Phase 2 of the analysis involved three parts: i) we observed any transactions across the Wormhole bridge that could have led to the UST de-peg; ii) we reviewed the outflows of UST from the Anchor protocol involving the list of observed wallets; iii) we investigated the sale of UST and USDC on centralized exchanges. Phase 3 of the analysis involved the triangulation of this aggregate on-chain evidence, which enabled us to piece together relevant activities and formulate a narrative that explains the UST de-peg. We also identified a list of seven wallets most likely to have played a significant role in the UST de-peg: 0x8d47f08ebc5554504742f547eb721a43d4947d0a (EIP 1559 User) 0x4b5e60cb1cd6c5e67af5e6cf63229d1614bb781c (Celsius) 0x1df8ea15bb725e110118f031e8e71b91abaa2a06 (hs0327.eth) 0xeb5425e650b04e49e5e8b62fbf1c3f60df01f232 (Heavy Dex Trader) 0x41339d9825963515e5705df8d3b0ea98105ebb1c (Smart LP: 0x413) 0x68963dc7c28a36fcacb0b39ac2d807b0329b9c69 (Token Millionaire / Heavy Dex Trader) 0x9f705ff1da72ed334f0e80f90aae5644f5cd7784 (Token Millionaire)" Noteworthy: Nansen's report was based on on-chain data & did not take off-chain events that could have led to the depeg into consideration. The report did not address “the impact on investors, the breakdown of net losses between wallets & the question of what happened to the BTC reserves backing UST. Terra’s founder, Do Kwon, also retweeted the report. Do not forget the historical wise saying, "Never invest more than you can afford to lose." Not a financial advise, I suggest using this only as a guide - Do your own research. If you have any questions, kindly write in comments below - I will answer them. Kindly support this idea with your like and comment, thank you.
Education
by cryptoblockmeta
3
LUNC IDEA AND AN IMPORTANT UPDATE.Hello guys, if you like my idea, do not forget to support with a like and follow for more. Someone Asked about LUNC (LUNA Classic) You guys were aware of the Luna crash, due to that the Terra governance proposed to rename the existing network Terra Classic, LUNA Classic ($LUNC), and rebirth a new Terra blockchain & LUNA ($LUNA) that was live. We were aware that majority voted for the rebirth, Now According to the governance proposal the LUNA and UST on the original chain will be renamed as LUNC and USTC respectively. The new chain’s native mining token will be LUNA, and there will be no Terra stablecoins on the new chain. Gate. io and other exchanges are supporting the rebirth. LUNA will be changed to LUNC and UST to USTC. The only good new I have for LUNC holders right now is that the LUNA new chain will be distributed to eligible holder of LUNC. Technically on the 1hour Chat of LUNCUSDT on gate. io price is trading in between the major support a range resistance(0.0002209) area. It appears that the RSI (14) is indicating 13.26% which is highly oversold. I will be looking for a buy set up at the major support, but if it breakout below the major support. It's may be dangerous for the holders cus I don't see any support below. Well just my thoughts!!! Remember to always follow your trading plan regarding entry, risk and trade management. Goodluck!
Long
by PaschalOfWeb3
2
To the LUNAMEXC Global has pledged to carry out a month-long buyback-and-burn to reduce the circulating supply of the old Terra markets. The fall of Terra shook the entire crypto market. However, the project has no plans to stay down, having secured backing from crypto exchanges to help it rebuild. In an announcement on Thursday, Terra provided details on an upcoming airdrop of the new native token for its new blockchain dubbed Terra 2.0. The distribution of tokens will proceed on Friday, and holders of Terra Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST) who are eligible will receive new tokens Crypto exchanges Binance and FTX noted that they are working closely with the Terra team regarding the upcoming airdrop. Binance stated that it aims to help affected users on the platform by helping Terra with the recovery plan. FTX announced that it will support the airdrop and temporarily halt LUNA and UST markets during the migration. The Terra team said that in addition to Binance and FTX, it’s also working closely with more partner exchanges that will support the airdrop.
Long
by Salamander_Trade
1
LUNA short 15 minutesHello everyone, let's take a look at the LUNA to USDT chart on the 15-minute time frame, currently the price after huge drops is above the local uptrend line. As you know, the TERRA LUNA ecosystem was broken, and the price collapsed with it, so you can still speculate. Let's move on to determining the Stop Loss that we should take into account in the near future: SL1 - $ 0.00012646 SL2 - $ 0.00009991 while the targets we see using the Fib Retracement tool are as follows: T1 - $ 0.00014791 T2 - $ 0.00015863 T3 - $ 0.00016629 T4 - $ 0.00017548 Looking at the CHOP indicator, we can see that we have quite a lot of energy in the 15-minute interval.
Short
by cryptodailyuk
3