Long
UST!!
Ok so, this trade is akin to a lottery ticket...lines on chart are just that. Here is what you need to know about why this might work for a 100-200% gain maybe more, but don't overstay your welcome...Terra Station/governance, proposal 1164. Its already voted on, passed, and simply waiting 2 days or until the last 10% vote to pass. It allows the terra foundation to burn up to 1 billion UST per day in an attempt to regain the 1 dollar peg. For every 1 UST burned it will increase the Luna supply by 1.....The foundation is going after the peg first....UST=.1556 now, and luna total cap is 6.9 billion(so yes this will hit luna hard). At some point this week they hit UST and it starts to really gain, people will start to take profit and sharks will try to sell to capitalize. Does it get back to 1$? i don't know..Its a lottery ticket, but even if they can get it back to .50 its a 233% gain from here. It seems likely that when this happens luna goes back to the lows...Their are other proposals with a 3% tax on all buys or sells on luna being voted on, but that's not much if this turns into a long battle. Should they regain the peg 1$ swiftly, profits can then be rolled to luna, but luna supply is about to grow much more imo. Its a lottery ticket so treat it as such,,,... GL
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.