$LUMIA /USDT Analysis Report

Current Price Overview

Current Price: $1.219

24h High: $1.392

24h Low: $1.210

Chart Analysis1.

Price Trend:The price has shown some volatility over the last 24 hours, with a high of $1.392 and a low of $1.210. Currently, the price sits near the lower end of this range, indicating a potential support level at $1.210.2.

Moving Averages:The Volume SMA (Simple Moving Average) for the last 9 periods shows an average trading volume of 9.909K. This indicates relatively stable trading activity, but there’s a significant gap compared to the 24h volume, suggesting heightened interest or volatility.3.

Price Resistance and Support Levels:

Resistance Levels:Immediate resistance at $1.260Key resistance at $1.300 and $1.392Support Levels:Immediate support at $1.210Next support at $1.180 if the price continues to decline.

Trade Entry LevelsLong Trade Entry:

Entry Point: Consider entering a long position above $1.260 as it breaks the resistance level.

Stop Loss: Set a stop loss at $1.210 to manage risk.

Take Profit: Target a profit at $1.300 and possibly extend to $1.392 if momentum builds.

Short Trade Entry:Entry Point: Consider a short position if the price breaks below $1.210.

Stop Loss: Place a stop loss at $1.240 to limit losses.

Take Profit: Target support at $1.180 and monitor for further downside potential.

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