While most cryptos are trying to rebound the price of LUNA is back in the area of all time highs.
I put a trade on this badboy when it first pulled back to the low 60s while everything already broke down and then again when it hit the potential support at the 53 area prior top.
That level did indeed play out and price has rallied toward the highs
As for my trade, I entered at 64 and then more at 53. It isn't a large position just 20 coins, but it is working out quite nice.
I also had an order in the low 40s to buy thinking it would get down there with the rest of crypto selling off at the time, however that did not play out so I'll ride with what I have.
Now the question is do I take profits on a test of the all time highs or do I hold for new highs. Honestly, I'm not in a rush to close this trade so I will likely hold it for a while, especially given I haven't done any trades in a while and don't have any others on.
LUNA Price Strong
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Terra LUNA is leading the stablecoins revolution and shows us the light in a bull to bear market. This will go well regardless of the weather on the market!
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Nice, I honestly still know only a little about the coin but like what I have seen.
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Glad I top off a little during the dip. Staking rewards are awesome
Haven't looked at the staking yet, where do you like to stake?
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Avalanche has their own wallet. It has all 3 types of AVAX. C, X and P. If you need any help at all let me know. I’ll send you screenshots with a how to.
Hell yeah glad to have you followed. I'm new to the Hive and Leo thing. Still trying to get a feel here
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Welcome to the party!
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I see parallels between LUNA-UST and HIVE-HBD. The main difference is that Terra has a fixed quantity and HIVE is inflationary. Otherwise, the mechanics of the stablecoins are very similar.
As the amount of HBD grows, I think we can expect HIVE to pump.
Similarly, as UST grows, it will drag up LUNA.
Both stablecoins, UST and HBD, are decentralized, minimizing regulatory risk. Neither stablecoin is backed by actual dollars. And both are algorithmically pegged.
There is much to like about Terra if you already like Hive.
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