LUNA skyrocketed 35% in one day! Is it still worth entering now? Quick guide for beginners
Recently, LUNA has been incredibly popular, with the price soaring to $0.14, an increase of over 35% in just one day. If you invested $100, it would now be $135.
Why such a surge? It might be related to the sentencing news of founder Do Kwon, who previously admitted to fraud. He is set to be sentenced in New York this week, and the market feels there might be a turnaround, leading to a buying frenzy.
From my observation, LUNA indeed has a strong momentum, and market confidence has returned. For instance, in just the past 4 hours, Binance futures have risen by 21.6%, indicating many people are betting on further increases. If you are tracking LUNA, the increase has surpassed 5.42%.
I suggest you set a trailing stop-loss: simply put, this means automatically raising your selling point as the price increases, allowing you to lock in profits, so you won't be afraid of losses if it drops.
Currently, the market speculates that LUNA may experience significant volatility, with prices potentially spiking or plummeting suddenly. From my personal experience, such news-driven surges often come with high risks; the Do Kwon case is a lesson, as it previously saw a sharp decline. Therefore, beginners should not only look at the increase but operate rationally: take some profits when you make money, and don't be greedy. If you're unsure how to time your entries, you can follow Bai Yue, who will provide real-time analysis in the community and give the best current entry points.
What retail investors need to do is 'patiently wait for opportunities and act decisively and accurately.' Follow Bai Yue and join the community to receive daily shares of real-time strategies and loss prevention guidelines!
