$LUMIA /USDT Technical Analysis: Bearish Trend with Key Targets 🎯

Current Price: $1.185

24h Price Change: -17.82%

Trade Signal: Navigating the Bearish Momentum 📉

LUMIA/USDT is currently experiencing a bearish trend, with a significant drop of -17.82% in the last 24 hours. The price is holding near key support levels, suggesting that the market could see further downside pressure. Here's a breakdown of potential target levels for those looking to trade this momentum.

Target Levels 🎯:

Target 1 (Short-term Bearish Target): $1.150

Watch for price to test this near-term support level. If the bearish momentum continues, taking profits here could be a good strategy.

Target 2 (Mid-term Bearish Target): $1.100

A deeper pullback is likely. This could serve as a crucial level for further downside.

Target 3 (Long-term Bearish Target): $0.950

In case the market undergoes a more substantial correction, this could be the next key support level to consider.

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Trade Plan: How to Ride the Wave 🌊

Entry: Sell near the current price of $1.185 or slightly below.

Stop Loss: Set your stop loss at $1.20 (just above resistance).

Take Profit Levels:

$1.150 for short-term profits.

$1.100 for further bearish movement.

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Momentum Indicators ⚡:

RSI (Relative Strength Index): If RSI drops below 30, the market may be oversold, suggesting a potential price reversal.

MACD (Moving Average Convergence Divergence): Keep an eye on bearish crossovers for confirmation of continued downtrend momentum.

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