$LUMIA $LUMIA $LUMIA
LUMIA/USDT: A Bearish Trend with Potential for Further Decline
LUMIA/USDT has experienced a significant decline in the past 24 hours, with a drop of 8.82%. The current price stands at $1.075, and the bearish momentum seems to be gaining strength.
Support and Resistance:
* Support: The immediate support level is located at $1.037, the 24-hour low. If the price were to break below this level, it could signal a potential for further downside.
* Resistance: The current resistance level is around $1.189, the 24-hour high. If the price were to break above this level, it could indicate a potential reversal of the bearish trend.
Entry Strategy:
Given the current bearish trend, a potential entry strategy could involve shorting LUMIA/USDT at a premium to the current price, near the resistance level of $1.189. However, it's crucial to monitor market developments closely and be prepared to adjust your strategy as needed.
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