As an admin to $Luna TG, I can& #39;t tell you how many nagging complaints I read "why is Luna dumping," "Luna already pumped." While on CT I read so many people say "Wow Luna is cheap," "Buying the dip." CT is simply more mature when it comes to the investment process.
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As a native New Yorker I like to think of many of the TG folks as transients who get blinded by the lights of Times Square but lose sight that the real bones of NYC lie outside the flickering light show.
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Small time frames and a TA approach will never tell the story of $luna given it is a yield-bearing capital asset that has deflationary value capture in the form of network effect and usage of its stablecoins.
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Case and point: If Luna were to hypothetically hit it& #39;s ATH of $22.40 today, its valuation would be 8.58B. When it first hit $22.40 on 3/21 the valuation was 9.06B. This is why your technical lines, price targets and the "RSI is overbought" are memes.
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In the end, the design of the asset ensures it will be driven by fundamentals. To invest or not is up to you but for those unfamiliar please note the importance of FA for this particular asset. Having said all of that, $Luna will be starring on Broadway in 2021.
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