Singkat
Short LUNC (*to zero....)
LUNC - still not late to the short game (do NOT overleverage)
The driving force behind the pump was the *burn mechanism - but even basic analysis shows that if CEXs don't onboard the burn mechanism the daily loss will be around $55k which for an inflationary token with a $3Bn market cap is Nada (note daily circulating token inflation is around $155k)
The *burn narrative - using pre-tax usage number to extrapolate post tax figures is bad maths. Application of the tax reduces LUNC utility as a chain compared to peers to essentially nil.
There are big holders - unlocking around $2.5m USD per day leading up to the 15th Sept. They're going to sell into this panic.
20th is burn day - most certainly sell that news but I'm positioning earlier than most.
Expect volatility, there WILL be a short squeeze, position accordingly and don't use leverage.
SL is pico top. TP 1 and 2 marked.
Happy hunting.
The driving force behind the pump was the *burn mechanism - but even basic analysis shows that if CEXs don't onboard the burn mechanism the daily loss will be around $55k which for an inflationary token with a $3Bn market cap is Nada (note daily circulating token inflation is around $155k)
The *burn narrative - using pre-tax usage number to extrapolate post tax figures is bad maths. Application of the tax reduces LUNC utility as a chain compared to peers to essentially nil.
There are big holders - unlocking around $2.5m USD per day leading up to the 15th Sept. They're going to sell into this panic.
20th is burn day - most certainly sell that news but I'm positioning earlier than most.
Expect volatility, there WILL be a short squeeze, position accordingly and don't use leverage.
SL is pico top. TP 1 and 2 marked.
Happy hunting.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.