Dangerous trade, high risk please avoid leverage.

The reason, why we are seeing a downtrend on Luna, is because the Reward to Risk is significantly lower the higher the price goes.

At $0.00044 there is a lack of buyers, and the reason that I could think of is that to actually x2 from it, you would need a price to go up to $0.00088. With a 6.5 trillion supply, that would make the market cap $5.74 billion, putting them above Matic, which realistically speaking, is not impossible but very hard. Degen traders would avoid it and actually look for a lower price where their profit would be maximized.

Right now this is mostly momentum with no fundamentals as Terra Foundation is planning to fork out a new coin. To profit from this, we need to scalp and take a small profit, enter where most greedy traders are looking for the maximum profit.

I previously bought at $0.00011575 and sold at $0.000206 as seen on my Twitter account.

The reasoning was that people are looking to enter here because they can potentially earn an x4 if the price were to move back to the recent high.

Right now I am looking at $0.00006841 where people might look for a potential x6 or a quick x3 back to the $0.0002 level.

If I miss this, then it is what it is.