$LUMIA Alert: Massive Liquidation Spotted.

A jaw-dropping $4,959.3 worth of long positions were wiped out at $1.318.

This massive liquidation marks a critical moment for $LUMIA holders and traders. The bulls failed to hold their ground at $1.3662, opening the door for bears to take charge.

What’s Happening.

Liquidation Explained:

Long liquidation occurs when traders betting on price increases are forced to exit their positions because the price fell below their liquidation point. For $LUMIA, the critical price level was $1.3662.

Market Sentiment:

Such liquidations can cause panic among traders and often lead to a ripple effect of more liquidations, increased volatility, and price dips.

What to Watch Next.

Key Levels to Monitor:

Support Zone: If $1.3662 fails to hold, watch for further drops to $1.30–$1.28.

Resistance Levels: If bulls regain momentum, expect resistance at $1.40–$1.42.

Market Trends:

A long liquidation of this size may signal a shift in market sentiment. If short sellers pile in, the downward trend could accelerate.

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