I noticed that two long-dormant coins suddenly rioted - LUNA and LUNC.



The increase is quite exaggerated: 73% and 154%. But don't get excited, these two haven't really stood up since the disaster in June 2022. Compared with SOL, people have pulled 10 times from the bottom of real money. And what about LUNA and LUNC? My judgment is simple: dead cats bounce back.

This rally has basically touched a key resistance level - LUNA is stuck at 0.1260U and LUNC is topped at 0.00007283. To be honest, I think the winning rate is not low when these two positions are empty. Of course, the market is always full of surprises, but from a technical and historical perspective, the sustainability of this rebound is questionable.
LUNA-5.55%
LUNC-4.24%
SOL0.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
ProofOfNothingvip
· 12-12 10:59
Dead cat bounce is a perfect term to use; it looks scary but actually has no real momentum. --- I still remember the explosion of LUNA; the recent surge looks tempting but it's really hard to believe. --- Short positions are already opened, just waiting for it to revert to its original form. --- 73% sounds impressive, but compared to SOL's tenfold increase? Not even close. --- The fate of these two coins was decided long ago; the rebound is just an opportunity for the bagholders. --- Opening a short at the resistance level indeed has a high success rate, but watch out for black swan events. --- Having survived since 2022 without a turnaround, who believes this rebound can go far?
View OriginalReply0
TokenCreatorOPvip
· 12-12 09:20
Oh no, dead cat bounce, don't buy the dip in this wave. I'm already scared off by LUNA. Everyone's already said it hit the resistance level, and you're still chasing? Can't learn? SOL has increased tenfold, while LUNA is still crawling on the floor. What does this gap indicate? Don't you know in your heart?
View OriginalReply0
BearMarketLightningvip
· 12-11 04:09
The term "dead cat bounce" is used perfectly, and I think the same way. I'm very familiar with the LUNA pattern; every rebound tends to follow this pattern. LUNC has surged 154%, which looks scary, but then it crashes again, so it feels like the time to short has indeed arrived. Compared to these two, I still prefer projects with real fundamentals—don't keep digging for gold in a pile of dead bodies. This rebound won't last long; just wait and see. Are you still bottom fishing now? I think the risk outweighs the opportunity.
View OriginalReply0
NFTRegretfulvip
· 12-10 04:25
The rebound of the dead cat is real, and you know that there is no drama when you look at LUNA's trend. SOL has pulled ten times, and these two are still bouncing there. Open short? I'm a little excited, but to be honest, I've seen enough of the pit in 2022, and I still have to be cautious. LUNC's 0.00007283 position is indeed like the top, anyway, I won't touch these two.
View OriginalReply0
SnapshotStrikervip
· 12-10 04:25
I saw this wave of dead cat rebound, it's time to cut leeks again haha
View OriginalReply0
All-InQueenvip
· 12-10 04:25
I admit that the dead cat rebounds. 154% Who are you scaring to crawl out of the grave and jump twice and want to turn over? What a dream
View OriginalReply0
MeltdownSurvivalistvip
· 12-10 04:23
The dead cat rebound is really boring, and LUNA's 0.126 is really an excellent empty spot. --- The 154% increase looks cool, and they turn around and put it in, these two should have recognized the reality a long time ago. --- Wait to see LUNC break at 0.00007283, then it will be the real story. --- To be honest, compared to these two, I am still optimistic about SOL that really stands up, don't be fooled by the rebound. --- Here we go again, every such rebound is a prelude to cutting leeks, learn to be smart. --- 0.126? Oh, we'll bottom out next week.
View OriginalReply0
PrivacyMaximalistvip
· 12-10 04:18
The dead cat rebounded, don't be fooled by this 154% increase, the real resurrection is like SOL, LUNA and LUNC should have recognized the reality a long time ago
View OriginalReply0
GasFeeBeggarvip
· 12-10 04:11
The dead cat rebound is true, I have given up on these two coins a long time ago, and SOL is the real seed player
View OriginalReply0
EternalMinervip
· 12-10 04:03
The dead cat rebounded, and this time you really have to be careful. LUNA's batch of meat cutters has long since left, and now they are entering the market? Hehe. --- 154% looked bluffing, but LUNC crawled out of death with this little strength, got it. --- SOL ten times, LUNA rebounded a fart, and you can see who is the real recovery by comparing it. --- 0.1260 is stuck, and I feel like I'm waiting for this for an empty order, haha. --- Another wave of leek cutting rhythm? Wary. --- To be honest, the wave in 2022 didn't stand up, and now it can't stand up even more.
View OriginalReply0
View More
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)