Quote from: calvinweight on September 01, 2022, 05:23:55 PM

We have been watching Terra Luna Classic for the past few days looking for weakness. Just sharing my thoughts about market cap and sustainability when it comes to trading. Bitcoin has the monthly close in the books so hopefully we can hit our bottom in the next 7-14 days. ETH trade looks good so far. We have about 3-4 more days before we see whether that one will pan out. It just takes patience. Details in the link below.

https://youtu.be/CtsNwQDDBQg

LUNC becomes weak since the day the big attack happened on the Terra UST tokens. Shorting a almost dead project is absurd while there’s a lot of project out there that already hanging by a thread like Celsius that obviously on the process of bankruptcy yet there are still users willing to purchase it just because most of its supply is locked on Celsius dapps. This token is like a ticking time bomb that only waits for the official announcement of the team about completely shutting down.

I already learned my lesson on investing Luna before for not shorting it while everyone is already in doubt but shorting it now will just give you small profit percentage since it’s down a lot on its normal price.