$LUMIA
/USDT Technical Analysis and Trade Strategy๐ฏ๐
Market Overview
Current Price: $1.753
24h High/Low: $1.775 / $1.540
Trend: Bullish momentum, supported by technical indicators.
Key Indicators
Bollinger Bands (20,2):
Price near the upper band ($1.780), indicating possible overbought conditions but bullish momentum remains strong.
Parabolic SAR (0.02, 0.2):
Support at $1.700 confirms the trend is intact.
Volume:
High 24h volume ($32.16M USDT) suggests strong participation.
Trade Setup
Type: Swing Trade
Entry Range: $1.740 - $1.760 (on a slight pullback or current level confirmation)
Stop Loss: $1.685 (below SAR and Bollinger middle band to minimize downside risk).
Targets:
1. ๐ฏ Target 1 (Short-Term): $1.800
Price testing resistance at Bollinger's upper band.
2. ๐ฏ Target 2 (Mid-Term): $1.850
Breakout above $1.800 could signal continuation to this level, aligning with potential Fibonacci extensions.
3. ๐ฏ Target 3 (Long-Term): $1.930
A strong bullish breakout could test a significant psychological and technical resistance near this level.
Risk-Reward Analysis
Risk: ~3.8% (if stopped at $1.685).
Reward (Target 1): ~2.7%
Reward (Target 2): ~5.5%
Reward (Target 3): ~10%
Risk-Reward Ratio: Favorable at 1:2+ for all targets.
Strategy Notes:
Monitor $1.700 support level; breaking below may invalidate the setup.
Use trailing stops to lock profits as price approaches targets.
Stay cautious of any sell-off due to recent tokenomics changes.