LUNC fam!
Merry Christmas and happy holidays ๐๐๐
$LUNC's gift to you - a buying opportunity.
I posted my $LUNC pullback targets on Dec 9th which is still following my expectations regardless of what has been said about certain proposals ๐.
Major buying opportunities awaiting us at $0.00012 and (maybe) a very brief opportunity at $0.000095.
Trust and patience...
Ninja knows a few things...
#LUNCcommunity #LUNC #USTC
LUNC Update:
I like to zoom out to see things in perspective.
$LUNC has been showing a lot of strength recently by breaking through multiple shorter term resistances.
At the moment, #LUNC is facing what I would call the most significant resistance since its downtrend started.
If it manages to break through, we might be in for something BIG.
#LUNCcommunity #LUNC #USTC
With great pleasure we invite you to the next...
๐BอAอSอEอ Aอiอrอdอrอoอpอ๐
โ๏ธEntry starts NOW until the timer runs outโ๏ธ https://t.co/kMqHshlTHs
๐จFor BASE holders & LBUN Project delegators ๐จ
You can get both airdrops if you hold BASE and delegate directly to the validator. However, BASE holders will get 3X the airdrop!
Make sure you Follow, Like, RT & leave your wallet address so we can send the BASE.
Wallet addresses are safe to display in public - but DO NOT share your seed phrase or private key!
Swap https://t.co/FQ0McRNawG
P2P Marketplace https://t.co/fzI1Fnd1u5
Telegram Group https://t.co/g1UEkuTIXN
Validator https://t.co/MDF98shKRW
#LBUN #BASE #LUNC #LUNCcommunity #Validator #LuncBurn #LuncArmy #Terra #Airdrop
Yo #LUNCcommunity!
Exciting news to share ๐ธ
I've been in touch with exchanges about reigniting the Global $LUNC Burn initiative.
Following a productive call with @Coin_inn, they have granted me permission to share that they are willing to come on board to support off-chain burns and contribute to our mission.
Now, a thought crosses my mind:
Should we ask them to burn $USTC too? ๐ผ
Like and RT to give @Coin_inn a shoutout ๐๐ผ
#LUNC #USTC #BurnItAll #CoinInn
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
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
$LUNC stats for the last 24 hours:
โ Price: +33% ๐
โ Trading volume: +1500% ๐
โ Market cap: +33% ๐
โ Interest: Off the charts ๐
Coincidental stats:
โ๏ธ The chart pattern responsible for initiating this MASSIVE move was the Adam & Eve double bottom
โ๏ธ Date of event: 4 June 2023
โ๏ธ Moon phase: Full ๐
#LUNCcommunity #LUNAclassic #LUNC
#NinjaCat ๐ฅท๐ผ๐โโฌ
@JuanamigoLUNC@MEXC_Global@binance@kucoincom@cryptocom@bull_bnb@cz_binance FYI... I'm gay.
He has always treated me with respect even though we have different views on homosexuality.
He never attacked me or told me I need to change.
You went out of your way to bait him and attack him. That's low and smells of a desperate smear campaign.
@JuanamigoLUNC@MEXC_Global@binance@kucoincom@cryptocom@bull_bnb@cz_binance He was baited. That's his personal view which he is entitled to.
He has never publicly criticized or judged anyone. Your screenshots are from someone who specifically went out to use information against him.
You preach tolerance, but you don't tolerate a view different to yours.