#Luna #Lunc $LUNC This wave of surge, I only consider it as a "high-risk sentiment play" to engage in.
In the past two days, $LUNC has directly shown a doubling market, with trading volume increasing several times, triggered by multiple points: Binance supports the chain upgrade on December 8, the quarterly coin burn continues to accelerate, and the expectations of Do Kwon's verdict combined with the "retro LUNA T-shirt meme" during Blockchain Week have ignited the sentiment all at once.
My core viewpoint:
This is a typical "narrative + coin burn + legal drama" driven sentiment market, rather than a fundamental turnaround. The on-chain TVL and real applications have not undergone a qualitative change, only the supply side is continuously contracting (total destruction exceeds 400B, nearly 1 billion burned in the past 7 days, circulation still at the 6T+ level).
If you must engage, my advice is:
• Only treat it as a high Beta sentiment target, short-term speculation, never a long-term relationship;
• Control positions within 3% of total funds, enter and exit in batches, accept "riding the elevator";
• Use key support at the 4H level for hard stop-loss, exit if it breaks, no feelings involved;
• Do not go all-in on spot trading, do not engage in contracts without stop-loss, to avoid repeating the mistakes of the 2022 batch of bagholders.
In summary: This wave can be participated in, but only as a "event-driven short-term play", cannot be treated as a "belief turnaround battle". Of course, if you really want to play for sentiment, that is also understandable, after all, in the web3 world, myths are not fairy tales.
In the past two days, $LUNC has directly shown a doubling market, with trading volume increasing several times, triggered by multiple points: Binance supports the chain upgrade on December 8, the quarterly coin burn continues to accelerate, and the expectations of Do Kwon's verdict combined with the "retro LUNA T-shirt meme" during Blockchain Week have ignited the sentiment all at once.
My core viewpoint:
This is a typical "narrative + coin burn + legal drama" driven sentiment market, rather than a fundamental turnaround. The on-chain TVL and real applications have not undergone a qualitative change, only the supply side is continuously contracting (total destruction exceeds 400B, nearly 1 billion burned in the past 7 days, circulation still at the 6T+ level).
If you must engage, my advice is:
• Only treat it as a high Beta sentiment target, short-term speculation, never a long-term relationship;
• Control positions within 3% of total funds, enter and exit in batches, accept "riding the elevator";
• Use key support at the 4H level for hard stop-loss, exit if it breaks, no feelings involved;
• Do not go all-in on spot trading, do not engage in contracts without stop-loss, to avoid repeating the mistakes of the 2022 batch of bagholders.
In summary: This wave can be participated in, but only as a "event-driven short-term play", cannot be treated as a "belief turnaround battle". Of course, if you really want to play for sentiment, that is also understandable, after all, in the web3 world, myths are not fairy tales.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
FTT
0.6305
-0.33%
USTC
0.00844
-7.35%
LUNC
0.00004776
-13.06%
