*LUMIA/USDT 4H Chart Analysis: Is the Bull Run Back on Track? šš”*
Get ready for a potential surge! š„ LUMIA's 4-hour chart is showing promising signs of a comeback. After a period of consolidation, the price has broken out, and the structure remains bullish. Let's dive into the analysis! š
*Key Targets:*
1ļøā£ $0.350: Local high test - a crucial level that rejected the price during the recent spike.
2ļøā£ $0.420: Gap zone fill - a potential bull magnet that could attract buyers.
3ļøā£ $0.500: Psychological level + prior heavy resistance - a significant hurdle to overcome.
*Support Zone:*
š $0.270 - $0.285: Previous resistance area now acting as support, aligned with MA20 and MA50 clusters. A crucial zone to watch!
*Technical Overview:*
š *Current Price:* $0.310
š *MA20:* $0.284
š *MA50:* $0.245
š *MA200:* $0.239
The price has broken out from a long-term consolidation base, and the first pullback may retest the $0.27 area. However, the structure remains bullish above it.
*Risk Reminder:*
ā ļø Parabolic moves can lead to high volatility and sharp pullbacks. Protect your capital, use stops, and avoid chasing green candles blindly. Not financial advice - manage your risk wisely!