๐ $LUMIA /USDT READY FOR ACTION โ EXPLOSIVE BREAKOUT OR FAKEOUT? ๐
The $LUMIA /USDT 15-minute chart on Binance has lit up, showing a sharp rally, pushing the price to 1.134 USDT with a recent peak at 1.180 USDT. This rally hints at bullish momentum but calls for caution around critical levels.
๐ Key Levels to Watch:
โข Immediate Resistance: 1.180 USDT โ If LUMIA breaks past this level, expect a surge, with a potential next target around 1.220 USDT.
โข Crucial Support: 1.060 USDT โ Falling below this zone may trigger a decline to 1.020 USDT, acting as the next support.
๐ Entry Strategy:
โข Long Entry: Above 1.180 USDT, targeting 1.220 USDT. Set a Stop Loss at 1.150 USDT to manage risk.
โข Short Entry: On breakdown below 1.060 USDT, with a target of 1.020 USDT. A Stop Loss at 1.090 USDT is recommended.
Quick Tip: Watch the volume! High buy volume near resistance can signal strength for a breakout, while a lack of it may lead to a rejection. Stay sharp as LUMIA approaches these critical levels, as the next move could be swift and decisive!
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