$LUNA shorted at $109.22
Terra (LUNA) will probably function as a leveraged 
BTC play in the near term. With Do Kwon ending the weekly bitcoin buys, plus all of the macro headwinds against risk assets coming with the growth slowdown, I think the steam is going to run out of this trade on both sides soon.
LUNA will fall harder than Bitcoin in that environment, as people flee UST during the risk-off and mint more
LUNA - causing inflation with a shrinking treasury value.
will keep moving my stoploss down to secure profits.
Cheers!
BTC play in the near term. With Do Kwon ending the weekly bitcoin buys, plus all of the macro headwinds against risk assets coming with the growth slowdown, I think the steam is going to run out of this trade on both sides soon.LUNA will fall harder than Bitcoin in that environment, as people flee UST during the risk-off and mint more
LUNA - causing inflation with a shrinking treasury value.will keep moving my stoploss down to secure profits.
Cheers!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.