Narrative + Misplaced Expectations Leading to 'Silly Long and Short'

This wave of LUNC / LUNA's rise is a bit confusing:

1️⃣ The technical benefits of LUNA were consumed along with LUNC: The Terra 2.0 v2.18 upgrade was originally a positive for LUNA, but due to the resurgence of the Terra narrative, a lot of funds directly bought LUNC, LUNA, and USTC all at once, a typical case of 'not distinguishing right from wrong, just jumping in first'.

2️⃣ Emotional trading + Misreading the market combined: Binance's support for LUNC upgrades and coin burning, along with topics like 'Do Kwon's sentencing' and 'a LUNC T-shirt at Binance Blockchain Week', have been continuously exaggerated and recounted.

3️⃣ The technical aspect is extremely overbought: Several analyses have pointed out 'overbought + possible bull trap' alerts, but short positions are continuously being squeezed, further increasing volatility.

Overall, it resembles a typical 'misreading narrative + chasing up relay + short squeeze' show, rather than institutional heavy positions and logical reversals.

Investment advice:

This type of market is suitable for short-term disciplined traders and not for 'averaging down as faith'.

You can treat LUNC/LUNA as an 'emotional practice target':

Set clear expectations: for example, reduce positions in batches at +30%, +50%;

If it breaks key daily/hourly support levels, never hold on stubbornly.

Position example: Up to 10% of 10,000 U for the entire Terra ecosystem, and no single coin exceeding 5%