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The main goal of this channel is to share an unbiased opinion on the crypto market from a technical and fundamental point of view. If you like our work, you can support us by sharing our channel with your friends. Link: https://t.me/CryptoExpertSignals
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5 635
Luna is using its Bitcoin reserves trying to return peg of UST back to 1:1.
At the moment of writing, 1UST is worth 0.8$ which is huge drop for a coin that is supposed to have a value of $1 and act as a stablecoin.
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The fear created around Luna project will disappear sooner or later.
The problem was in their system, not in whole crypto market. People use this as a reason for this crash. It is a reason but I was calling this based on technicals while ago.
That's why while thise crash is happening, take the opportunity to buy cheap coins, the fear wont be there for too long!
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We are currently experiencing the highest level of fear this year in the crypto market.
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Buy LUNA using no leverage.
Main target $45 which is 55-60% profit from current price
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$40 Billion worth of shorts are open!
We can see short squeeze towards $35 000/36 000 which will fill CME gap.
Only after these shorts are liquidated/closed we will think of opening ours!
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All of our setups we shared few days ago went in expected direction. You can swipe up to view few of them!
Now trying risky trade on Bitcoin.
It may find support here, bounce to $35 000 where we will close this trade and open probably short position targeting new losw.
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BTC LONG
Entry: 33 100
Stop Loss: $32 600
Targets will be announced soon!
Good luck 🤞
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I see small bounce in the market incoming so if you want to buy something, you can do it now and sell on Tuesday/Wednesday.
We have CME gap on Bitcoin at $36 000 so I do expect to see price moving a bit upside.
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LUNA broke support!
As we already said, this is something we expected to happen.
Wait for buying opportunity!
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LUNA is the only coin holding strong but if it loses $75 support, I see a sharp decline towards the grey zone.
