Binance is going to 🔥BURN LUNC! The PUMP continues❓

27 Sep 2022

Hi friends! Do we need to expect the pump for 100-200% in a next week? Let`s tell about this!

✅Why LUNC pumps❓ Cryptocurrency exchange Binance has implemented the Terra Classic burn mechanism for spot and margin pairs LUNC/BUSD and LUNC/USDT.

🚩 The LUNC price reacted to this initiative with an increase of almost 40%.

📊 Do i think that LUNC will skyrocketing this week? I think yes, but if only BTC will pump to 22-23k. This mean that all altcoins woll pump not only LUNC.

🔥 The LUNC pattern. Take a look at the volume indicator. The volume growth all the time when LUNC pumps. This means that the big guys always sell their coins to retail traders. And what happend next? Fall or some consolidation for 2-3 weeks.

📊 Do i expext the consolidation after this pump? I think that is highly possible but now the LUNC pumps because of Binance support what is really good for project. Binance have the largest crypto community so the money possibly will flow to the LUNC further.

✅ The closest targets:
1. $0.044 - the value area
2. $0.06 - the previous ATH

🚩 In the case of pump higher i recommend you to book the profit by parts (20-30%) and do not book all profit at once to not let the price make +100-200% without you. It will be good to catch this opportunity and make the profit.

💻Friends, press the "boost"🚀 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.