Aska April

[Aska April @AskaApril3]

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[Aska April @AskaApril3]

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[Aska April @AskaApril3]

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[Aska April @AskaApril3]

Yg bersedia berbagi koin pepenya walaupun itu ta seberapa

[Aska April @AskaApril3]

Tautkan kode undangan saya untuk menerima Rp 3150 segera!
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[Aska April @AskaApril3]

Get Terra Luna Classic ( LUNC ) Listed on Robinhood - Tandatangani Petisi! https://t.co/E2QyDZbToV lewat @ChangeOrg_ID

[Aska April @AskaApril3]

@Bullluncdao $lunc is the best

[Terra Army 🐋 @terra_army]

💪💪 LIKE AND RE TWEET IF YOU STRONG #LUNC SUPPORTER❤

$LUNC 1$

#LuncBurn #USTC #USTCrepeg

Everything is possible in crypto 🚀🚀

[Hailey LUNC XRP @TheMoonHailey]

Prove that you are with us. #LUNC 💎

💬 🔁 ❤️
👇🏻 👇🏻 👇🏻

[Aska April @AskaApril3]

@TheMoonHailey Indonesia

[Aska April @AskaApril3]

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[#🅽🅸🅽🅹🅰 @LUNCninja]

Looking into why $LUNC pumped +35% yesterday:

The answer is:
@Binance triggered a short squeeze.

What is a short squeeze?

A short squeeze occurs when short sellers are forced to close their positions in order to protect their profits or minimize their losses.
In order to close a short position, short sellers have to buy back the same amount of coins they shorted. This buying is why price suddenly rises.
The effect is the exact opposite of what happens when you sell your coins to take profit.

How did #Binance trigger this?

On the 1st of June 2023, Binance announced that they will be delisting the LUNCBUSD futures contract on the 8th of June 2023.
As a result, all futures positions in LUNCBUSD will be automatically closed on that date.
Proactive short sellers, seeking to protect their profits, closed their positions ahead of the June 8th deadline.
The rise in price caused a series of panic closing of short positions.

We can also expect the opposite to happen when long positions are closed.
This appears to be happening at a low scale today.
For now, it seems that the amount of shorts far outweighed the longs.

We will only really be able to tell after June 8th when all LUNCBUSD futures are closed.
A possible favorable outcome could be that LUNC finally breaks all the barriers that have been holding it back.

Price manipulation via futures is a known issue on exchanges.
As we have seen with the FTX debacle, FTX was shorting certain projects with the intent of financial gain by killing a perfectly functional and fundamentally valuable coin.

It is possible that further short squeezes may be necessary for LUNC to break free from the influence of short sellers.

However, LUNC has officially broken out of it's 9-months downtrend.
This is a great positive.

#LUNCcommunity #LUNAclassic #LUNC
#NinjaCat

[Hailey LUNC XRP @TheMoonHailey]

If $LUNC gets to $0.00035 in next 48hrs, I will send $300 #USDT to every person that Retweets this tweet and follows me

#LUNC ✨ #HaileyLUNC ✨ $LUNC ✨

[WSB Trader Rocko 🚀🚀🚀 @traderrocko]

No one deserves this pump more than the $LUNC community, Send it! 🚀💎🙏