Another bet on LUNA/USDT: Has the selling stopped?

Across my Twitter feed, I see a lot of calls to long Luna.

Something is fishy.

I checked my Kucoin account, and was surprised to see LUNA/USDT shot up over 1000% in the daily chart.

There is even the green bar at the end...

Has the selling stopped?

As in, has it reached a price that cannot be lower?

Well, that can be one situation. No one will know.

At this price, and at this level of gain, it is enticing enough for me to put in a couple of dollars for a new bet. I found some loose USDT after liquidating my minnows losing trades in the same account.

Let's see if I can ride up to get back my earlier $50 lost bet.

This is my immediate thought process.

If the selling had stopped, after more zeros parked themselves behind decimal points, then maybe it's cheap enough a gamble to take.

This Luna crash is after a global 'enough' event, and people all over the world are watching this news, and its development. The hype factor is already here.

After witnessing how fast it went down, it should not be a surprise if it goes up fast (not as much necessarily), when more people decide to take a wagger.

Remember the NFT-hype? Meme-coin hype?

We all know the irrationality of the crypto market.

So why not.

I have a feeling more people will take it like a meme-coin, and throw a couple of bucks in it.

On a global scale, that can be crazy.

P/S: Please be careful with your own investment, don't bet the farm on it. This is not financial advice, and I know I am ready to lose all of what I put in.

Posted Using LeoFinance ^Beta