💟 Market Health (October-27) The market just had a crash and this is an opportunity for us to continue accumulating Altcoins. Money has been withdrawn from Topcoins and will likely be pushed into mid-cap and low-cap Altcoins. However, it is highly likely that buying will come back strongly and close today's 1Day candle in the green color and the market will be very bullish. But be aware that the market during this period will have strong ups and downs so limit the use of leverage as much as possible because your position will be easily liquidated. ETH also filled the gap at 4000$
💟 Market Health (October-27) Money is being withdrawn from coins that have pumped strongly in the past days and is being redirected to the next coins with lower capitalization, so in the next few days there will be many quick pumps with high profit rates. so please check the market regularly to be able to sell at high price areas. This phase will need about 1-2 weeks before the money flows back to the top coins
💟 Market Health (October-26) The market is recovering very strongly with a lot of coins rising above the ATH (All time high) price zone. Currently, BTC still holds the $60000 zone and that is what has helped the market to confidently grow. Let's continue to accumulate and wait for the pump's turn
💟 Market Health (October-25) BTC is still holding the $60000 zone and this is a good sign for Altcoins. However, because the number of Altcoins is too much, the cash flow will be circulated between them, so actively accumulate Altcoins and wait for their turn to pump. At this time, we must always prepare a reserve in case something bad happens and will buy at a lower price if possible.
💟 Market Health (October-24) The market is still doing quite well and the positive signals are present on most of the Altcoins. We can continue to accumulate during this period as we are at the bottom of a new bull run. Don't miss the chance!
LUNA is correcting after hitting the 44$ zone and the targets of this correction could be 32$ or even 26$ and 19$. LUNA is still very potential when it could rally towards to 52$ and 64$
📈RED PLAN 🔴Buy : 31.2-32.8$ if A. SL if B
🔴Buy : 37-39$ if A. SL if B
📉BLUE PLAN 🔴Sell : 37-39$. SL if A
🔴Sell : 50.8-53.2$. SL if A
🔴Sell : 62.5-65.5$. SL if A
🟣PURPLE PLAN 🔵Buy : 37-39$ if A. SL if B
🔵Sell : 31.2-32.8$ if B. SL if A
🔵Buy : 25.4-26.6$. SL if B
🔵Buy : 18.6-19.4$. SL if B
❓Details 📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Terra is an algorithmic stablecoin platform, operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint.
LUNA is the token of the Terra platform and is used in the issuance of stablecoins (TerraSDRs), as a price stability mechanism, as well as for staking and network governance.
In order to stabilize the value of TerraSDRs with their respective pegged currencies, users can redeem LUNA tokens in exchange for TerraSDRs and vice versa.
Terra's stability mechanism depends on arbitrage activities by users. For instance, when the price of TerraKRW (TerraSDR pegged to the Korean Won) falls to 0.95:1.00 against the Korean Won in secondary markets, users can purchase 100 TerraKRW with 95 KRW on exchanges, and redeem these tokens on the Terra platform for LUNA tokens worth of 100 KRW. If the price of 1 TerraKRW goes above 1 KRW, users can purchase TerraKRW on the Terra platform and sell on exchanges for a profit.
The Terra protocol tries to achieve predictable rewards for network participants in all economic conditions - using transaction fees and the rate of LUNA burn (with an equilibrium supply of 1 billion LUNA) as levers to oppose changes in unit mining rewards.