$LUMIA /USDT Technical Analysis
Current Price: $1.533
Analysis:
The $LUMIA /USDT pair is currently in a strong uptrend. The 4H chart shows a series of green candles, indicating strong buying pressure. The recent price action has formed a bullish flag pattern, which suggests further upside potential.
Trade Ideas:
Long Trade:
* Entry: $1.730 (above the recent high)
* Target: $1.758 (resistance level)
* Stop Loss: $1.367 (support level)
* Leverage: 2x
Short Trade:
Not recommended at this time due to the strong bullish trend.
Market Outlook:
The market is currently bullish. A breakout above the $1.730 resistance level could signal further upside potential. Traders should monitor the market closely for any signs of a reversal.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.