🌕LUNA: what happened to LUNA and UST? Simple explanation!

Diupdate
🌒Hi friends! There is a lot of news coming right now about Luna and the UST (stablecoin 1 UST=1 USD), which momentarily lost its peg to the dollar and lost 39% of its capitalization. The total capitalization of $18.2 billion became $11.1 billion. Now UST after a panic sell-off is returning to a 0,9:1 peg, but is a drop possible in the future? What was the cause and what are the possible scenarios for Luna and UST?

🌓The UST stack itself is an algostable and has a $1 price peg mechanism due to the LUNA selling mechanism. There was panic in the market, and as a consequence of the panicked outflow of funds from LUNA, the algorithm was disrupted as the outflow exceeded the inflow of LUNA providing the peg.

🌖Technical Analysis (TA). ✅Global Scenario. I have noted important support zones that can be identified with horizonal volumes:
1. $14,56-18,2
2. $5,20-7,45
🔥These are global support zones where there is enough liquidity for a big player to open long positions. 🔥The fuel for this drop was the traders who accumulated the moon in the area I noted on the chart. Panic selling knocked the altcoin down by 80% from it`s ATH. Short traders could be the fuel for growth. That is how it works.

✅Local Scenario. The local scenario with trendline breakout. The trendline breakout strategy helps me to identify best entry point, so friends if you want to know how to use it, leave a coment and i`ll try to make an educational idea with simple explanation for you.
cuplikan

🚩Let's not forget that Luna has an $18 billion supply and ranks 3rd among companies in accumulated Bitcoin. Biggest disclosed Bitcoin treasuries:
1. MicroStrategy - 125,051 BTC
2. Tesla - 43,200 BTC
3. Terra - 30,727 BTC

🌕Therefore, it is too early to predict a crash of this altcoin, although you can see how many holders got scared and started to sell off the crypto.

Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Catatan
Friends, check my update about the LUNA current situation. Is it really time to be scared or time to open a TRADE?

🌔LUNA: is it time to PANIC or time to BUY? Guys, wake up!
Catatan
Hi friends! I made the idea about the next Black Swan that may heppen soon. If it heppen to one UST is it heppen to another stablecoins? Maybe all stablecoins are in danger? I hope it will be very useful in current market conditions.
❗Black Swan by stablecoins. Threat or opportunity for traders?
Catatan
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