LUNCUSDT.P trade ideas
LUNC - Attractive in the 4h time frameDear my friends,
Very rarely do I go to the 4h time frame to look at the chart. However, I am really attracted by LUNC's chart.
It broke out, then rested and is currently above the hard resistance of the 4h frame.
I will try to enter spot orders at 4 o'clock and tp at 4 points.
Best Regards,
Binance Burns 5.57 Billion Terra Luna Classic
In the fast-paced world of cryptocurrency, Terra Luna Classic ($LUNC) has been making headlines, and for good reason. The recent burn of 5.57 billion $LUNC tokens by Binance in its 17th batch signals a significant step towards scarcity, creating a unique opportunity for investors.
With the total $LUNC burned by the community surpassing 93 billion, the ecosystem is heating up, and investors should take notice. We will delve into the recent developments, the impact on $LUNC prices, and why now might be the perfect time for buyers to consider adding $LUNC to their portfolios.
1. Binance's Ongoing Commitment:
Binance, the world's largest crypto exchange, has consistently demonstrated its commitment to the Terra Luna Classic community through the burn mechanism. The recent burn of 5.57 billion LUNC tokens not only reflects Binance's trust in the project but also contributes to the overall reduction of circulating supply, potentially driving up the value of LUNC in the long run.
2. Impressive Burn Metrics:
The numbers speak for themselves – with over 49 billion $LUNC tokens burned to date by Binance, accounting for 53% of the total tokens burned by the community, the scarcity factor is increasingly becoming a pivotal element. The positive market response to each burn event, as evidenced by the 7% price surge in both $LUNC and USTC, indicates a strong demand for Terra Luna Classic tokens.
3. Ecosystem Expansion:
The recent surge in $LUNC trading volume, coupled with the introduction of USTC perpetual contracts and new trading pairs on Binance and other exchanges, has significantly contributed to the ecosystem's growth. As the Terra Luna Classic community continues to expand, the demand for LUNC tokens is likely to follow suit, potentially driving prices higher.
4. Bullish Start to the Year:
The bullish sentiment at the beginning of the year, fueled by the latest burn event and a broader market rally, positions $LUNC as an attractive investment option. The 8% price jump in the last 24 hours indicates a positive trajectory, and investors looking to capitalize on the momentum may find $LUNC to be a compelling choice.
5. Potential for Future Gains:
As $LUNC currently trades at $0.000144, there is room for growth, especially considering the recent developments and ongoing burn mechanism. While the trading volume has seen a temporary decrease, this could be an opportunity for savvy investors to enter the market before a potential uptrend.
Seizing opportunities at the right moment is crucial. The recent burn events, coupled with the broader market rally and ecosystem expansion, make Terra Luna Classic ($LUNC) an intriguing investment option. As always, potential investors should conduct thorough research and consider the inherent risks associated with cryptocurrency investments. However, the current scenario suggests that now might be an opportune time to explore the potential of $LUNC and consider adding it to a diversified investment portfolio.
LUNC going to reach 130% profit#Lunc going to correction and goes up in the ascending channel
the best support levels is between 0.00012-0.00010
the targets are: 0.000299-0.000366-0.000400
LUNCUSDTBINANCE:LUNCUSDT
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
LUNC breakout on 4h - Confirmation needed on daily candlesLUNC formed a trend lines in the past ~2 weeks due to correction, today it was broken on 4h candles, still confirmation on daily candles is not confirmed.
On breakout
1. TP1 at 0.000235 - 50%
2. TP2 at 0.00033 - 50%
-------
1 Day candles chart
LUNC Getting Ready To RipIt is bouncing off of the FIB 618 nicely and we finally got a long signal from the 200 EMA indictor.
#lunc $lunc
LUNC to the moonHi my friend we now wait on crosing RSI signal for add position on 1 day chart. We go on the moon. When dont buy still LUNC buy after crosing :) Good LUCK
luncThe first resistance of the red box
The first support of Green Box
In case of failure from either side, specific goals
A little patience and then actionThis currency is near its support zone, so there is still a possibility of further fall.
The safe entry point is marked in blue, which is after the formation of the twin bottom pattern.
Entering this currency can be risky now, but if a positive reaction is observed in the support range marked in green, we can experience a low-risk entry or after the first resistance in blue is broken.
lunc another attempt at growthMonth - not enough data. But the volume is growing, and it has already surged over 300%.
Week - there are strong sales. Plus, a lot of reversal signals.
I don't recommend going long, but if you have a position, keep holding it.
3 days - there's still room for growth.
Daily chart - reversed from short. Another approach to 0.0003 might happen.
Falling wedge or downwards channelWith a low RSI it's probably a possibility that it will break out to the upside.. let's see
Terra Luna Classic ($LUNC) Community Rejects Key Burn ProposalTerra Luna Classic community rejected a proposal to burn 800 million USTC, with LUNC and USTC price falling over 10%.
The Terra Luna Classic community rejected a proposal to burn 800 million TerraClassicUSD (USTC) as they look for better ways to burn these. The community believes there are easy ways to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet without an update and any legal consequences.
The Terra Luna Classic community was recently notified that Risk Harbor lost the keys and has agreed to blacklist the wallet.
LUNC price fell 13% in the past 24 hours, with the price currently trading at $0.000149. The 24-hour low and high are $0.000142 and $0.000168, respectively. However, trading volume has increased 20% in the last 24 hours.
LUNC Breakout TimeLUNC in the accumulation zone from 6 days, But finally LUNC will break this structure and goes to $0.00025.
Terra Classic Votes On 800 Million Burn For Another LUNC RallyThe Terra Luna Classic community votes on another proposal related to burning 800 million TerraClassicUSD (USTC). The proposal aims to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet through an update to Terrad client. It is similar to previous proposals on burning 800 million in the wallet, which was later blacklisted via a governance voting.
Terra Luna Classic Community Eyes 800 Million USTC Burn
Proposal 11913 “RH MultiSig Wallet – Burn 800m via Update to Terrad Client” is up for governance voting on the Station wallet. The new proposal aims to burn the 800 million USTC still in the Risk Harbor multisig wallet. The proposal deadline is December 19.
The community passed proposal 11832 to blacklist the wallet citing that “blacklisting allows for a reversible action, enabling fund recovery through governance if valid reasons are provided by the wallet owners.” However, the new proposal argues that no fund recovery via the wallet owners is possible and blacklisting serves no purpose anymore.
LUNC price is moving mostly sideways after a 22% fall in a week, with the price currently trading at $0.000175. The 24-hour low and high are $0.000170 and $0.000185, respectively. Moreover, trading volume has decreased by 57% in the last 24 hours.
LUNCUSDT1-Apply your own risk management.
2-Daily and Weekly Targets
3-Hunt the profits at any level you see convenient for you.
4-Raise Your SL to protect your profits
5-Use 6 % Spot
6-Long it With 6 % LEV5
LUNC LONG ENTRYLUNC has formed a falling wedge pattern, indicating a breakout followed by a pullback. This suggests a potential bullish continuation with expectations of a rally or a return to the recent swing high.
LUNCUSDT Trade Idea - Mid-term targetHi to all TV people, this is a quick chart idea on Lunc.
This is a low cap coin. Last year Lunc demonstrated to us how strong can be when it goes in "full rip" mode.
The graph showing my mid-term target.
If it reaches 0.0003 region and close monthly above that level... who knows how high can be the stop?!
This is my idea, not a financial advice. Always trade/invest safely and DYOR.
Thank you.
LUNCUSDTAnalysis of 4-hour time form LUNC
The current price of Luna Classic is $0.00018.
According to the yellow trend line, if it breaks, target 1 and target 2 are available.
Our target 3 is exactly on the level of SUPPLY and our Fibo 786. If we break this important resistance zone after hitting target 3, we will reach the resistance zone of $0.000313, which is not far off at this point of 73% profit.
#LUNCUSDT
LUNCUSDT Sell LimitThe H1 chart for Terra Classic shows a potential bearish signal. Bears seem sufficiently strong to sustain the downtrend following the retest of this Bearish Order Block .
