Listen, champion—you’re talking about
$LUNC , but you’ve got to remember that this market has a long memory, and "proposals" in the Terra ecosystem have often been used as exit liquidity for
#whales since the 2022 collapse. While the Market Module 2 testing sounds like progress, the logic of the tape shows a massive resistance wall at $0.00012 that hasn't been cleared with volume, and we’ve seen this exact movie before during the "v2.1.0 upgrade" hype last year where the price pumped on news and then bled out 40% in the following weeks.
The reality is that
#LUNC is sitting in a crowded room with a very narrow exit; if the
$USTC staking proposal doesn't bring in massive new capital—not just a reshuffling of old tokens—the "brighter days" will turn into another "sell the news" event. You have to look at the
#Macro picture too; back in 2021, we were trading on pure euphoria, but today, with
#bitcoin hovering at $81k and the inflation data coming on the 12th, the market is much more clinical and less likely to forgive a project that doesn't show a real, sustained burn rate.
I’m seeing a bearish divergence on the daily RSI that reminds me of the fake-out we saw back in late 2023, where the community got excited about a burn tax proposal only to see the price crash back to the lows when the actual execution lagged. I’d be very careful about increasing a position here without seeing a 4-hour close above that $0.00013 level with a massive spike in buying delta. If the $0.00009 support fails, all the
#blockchain improvements in the world won't stop the liquidation cascade of the retail crowd who are buying the hype today.
Don't let your #emotions trade what your eyes can see on the charts; I’ve watched too many "strong communities" get left holding the bag because they ignored the order flow for a good story. .