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  • Writer's pictureTLivingstonBlog

LUNA Shows Impressive Strength

LUNA, the token of the Terra blockchain, has continued to impress me with its' strong action. I was first drawn to LUNA due to its' superb relative strength as well as its' beautiful base. After highlighting it last week, I opened up a position as it cleared the $96 level. I will be closely monitoring LUNA in the coming weeks for an opportunity to add to my position. My ideal scenario would be a breakout above the $100 level with massive volume coming in.

The Terra blockchain aims to create stable coins. This combines the freedom of cryptocurrencies with the stability of fiat currencies. With all the uncertainty in the world, especially in Eastern Europe, it is definitely understandable why the Terra network is gaining attention. This could potentially lead to higher prices in LUNA. Let's hope its' upward trend continues.

Risk right. Sit tight.

To get started investing in crypto, earn $10 in Bitcoin as a signing up bonus and receive up to 8.05% interest on your account, use this special link. LUNA is available on the Gemini exchange.

To learn more about swing trading strategies, stock market trading, and how to trade cryptocurrencies, visit my course page. Full disclosure: I currently own Luna, Bitcoin, and Ether.

Full disclosure: This post contains affiliate marketing links. Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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