Recently, this LUNA coin has really gone crazy, pulling up every day without looking back. The screenshot is right there: it directly soared by 30% in 24 hours, and over seven days it’s even more exaggerated, nearly doubling. The current price is around $0.19, but look at that candlestick chart, it shot up to $0.24 and then crashed down, it's like a roller coaster, very thrilling.
Why is it so intense? There are a few fires burning behind it. First, the Terra community is upgrading, and confidence seems pretty high; second, the founder Kwon Do-hyung's lawsuit has been ruled, and the market loves this kind of big news, speculating and trading wildly as soon as there's any movement. With those two fires combined, the price just shoots up like a rocket.
The technical aspect looks impressive, with the price steadily standing above all moving averages, seemingly gaining momentum. But if you look closely, the MACD bars have already started to shrink, indicating that the strength may be running out. At this point, it's essential to keep a clear mind.
What is the state of the market right now? It's like a monkey market, jumping up and down. If you talk about emotions, thinking of 'being together forever', it will turn around and trap you without hesitation. So for those who made money playing LUNA recently, their thinking is very clear: if there's a pullback, the bold will go in and steal a bit; if it rallies, those who are satisfied will quickly run away. Absolutely no lingering, absolutely no looking back.
Dating? Not happening. In this market, you have to act like a 'market playboy'. Your goal is very simple: you're here to 'play', not to 'settle down'. When you see an opportunity, flirt a bit (buy in); when you feel the heat is high, pull out immediately (sell out). Don't believe in any nonsense about 'always going up'; your principle is just one: run when you've made a profit, secure your gains.
That being said, this kind of play makes your heart race; the returns may come quickly, but the risks are also high. When the trading volume suddenly jumps to hundreds of millions, it’s clear that big funds are battling inside, and as a small retail investor, you're just there to sip some soup; don’t think about taking the whole pot. Set your stop-loss, be content with the expected profit, and don't be greedy.
