LUNA: Last Stand

10 May 2022

I'm posting an update on LUNA since my recent post shows that the .786 fib level did not hold. I am looking for a possible entry at the support zones shown above. Zone #2 must hold, or LUNA will be in big trouble.

Be VERY careful trading this since things have been volatile with recent news. Always have a stop loss on your trades to minimize your risk.

10 May 2022

Not

Another update: UST is not holding stable at all right now, hence the major drop for LUNA. I am seeing UST currently hovering around $.60 - $.80, which should normally be at $1. Not looking good.

10 May 2022

Not

11 May 2022

Not

LUNA article here:
coindesk.com/markets/2022/05/10/usts-bitcoin-reserve-too-late-in-coming-to-save-dollar-peg/

11 May 2022

Not

UST just broke below the $.60 area!

11 May 2022

Not

UST just broke below $.50!

11 May 2022

Not

This YouTuber made a video on LUNA and UST in March. Amazing how accurate he is today.

youtube.com/watch?v=y_otSD3LYCA