Is Terra Luna Classic a Buy or a Sell?



Is Terra Luna Classic a Buy or a Sell?

Is Terra Luna Classic a Buy or a Sell? With Terra Luna Classic gaining over the last couple of days, is it time to buy?

Terra Luna Classic had fallen nearly 20% over the last couple of weeks. However, it has recovered a little over the last 48 hours even as volumes have risen. Therefore, is it a buy?

Is Terra Luna Classic a Buy or a Sell?

Is Terra Luna Classic a Buy or a Sell? Our Analysis is a BUY

Two major reasons why Terra Luna Classic is a Buy

  1. Luna Classic has once begun to outperform the benchmark cryptocurrencies
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2. LUNC Bulls have managed to create a support level just below $0.00009. With markets likely to gradually improve, things could only get better for Luna Classic

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Is Terra Luna Classic a Buy or a Sell? What are the risks?

  1. LUNC does not have a high correlation with Market performance. There are instances when both the market and Terra Luna Classic have risen in Tandem but there are a large number of instances when that has not occurred. Therefore, it is presumptive to assume LUNC will follow the market higher
  2. Part of the reason LUNC has done well is due to community mobilization. However, that has eased a little or perhaps is quite inconsistent. This isn’t helping LUNC sustain any rise.

Therefore, those who have a large portion of their investment in Terra Luna Classic are better off reallocating elsewhere. Diversifying the allocation will reduce the risk of 100% loss without eliminating the possibility of very high returns.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 



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