$LUMIA Hidden Weakness Behind Green Volume:
Don’t let the green candle fool you.
Yes, LUMIA printed a large green volume spike, but look closely at the candle structure:
A long upper wick
Price closed nearly 70% below the candle’s high
Close is near the lower part of the range
What does this mean?
This is a classic distribution or rejection signal.
Even with strong buying volume, sellers stepped in aggressively and pushed the price down before the close. When volume is high but price fails to hold the highs, it shows:
Buyers tried to push up
Sellers absorbed that demand
Supply is greater than demand at higher levels
Key takeaway Green volume not means bullish, if price can’t close strong.
Here, sellers proved they are still in control.
What to expect next about
$LUMIA :
High probability of downside continuation or retest of support
Price likely to move lower until buyers show real strength with strong closes
Caution for longs until a clean structure shift happens
Smart traders read the candle, not just the color.
Right now,
$LUMIA is flashing a seller dominant warning.
Trade carefully. Patience pays.
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