#LUMIATrading Again towards $1 or Going Down ❓ $LUMIA /USDT Trading Signal Momentum Building for a Big Move ❗$LUMIA /USDT is trading at $0.605, testing its recent high of $0.606. With increasing momentum, the market is primed for a breakout or reversal. Here's the trade setup:
Long Trade Setup:
Entry Price: $0.605
Resistance Level (Breakout Point): $0.606
Take-Profit Targets (Long):
TP1: $0.620
TP2: $0.640
TP3: $0.660
Stop-Loss (SL): $0.580
Long Strategy:
A confirmed breakout above $0.606 with sustained volume may lead to further bullish momentum, targeting higher levels.
Short Trade Setup:
Entry Price: $0.605
Support Level (Breakdown Point): $0.580
Take-Profit Targets (Short):
TP1: $0.570
TP2: $0.550
TP3: $0.530
Stop-Loss (SL): $0.615
Short Strategy:
If the price fails to hold above $0.580, it may indicate a retracement, leading to bearish pressure toward the lower support levels.
Market Insight:
LUMIA is at a pivotal moment with strong upward momentum. Watch for a breakout confirmation or a rejection for entry. Manage risk with tight stop-losses.