lunausdt - UST more quickly.Yellen Cites UST Breakdown While Calling for Stablecoin Rules
Treasury Secretary Janet Yellen said the de-pegging of TerraUSD shows the urgency to have a regulatory framework on stablecoins, which aim to minimize the volatile price swings seen in most cryptocurrencies.
“A stablecoin known as TerraUSD experienced a run and had declined in value,” Yellen said during testimony before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. “I think that simply illustrates that this is a rapidly growing product and that there are risks to financial stability and we need a framework that’s appropriate.”
Lunausdtlong
LUNAUSD Buy $0.20DCA your buy in. If it doesn't fall to 18cents, at least you're part of the trade.
Buy in zones - $0.80, $0.60 and finally in the $0.20 region.
DYOR.
If price falls below 18cents be weary as it is in downwards discovery zone, which is dangerous.
A lot more analysis goes into trading, but this is just a quick overview.