LUMIA/USDT Technical Analysis
Current Price: $1.209
Price Trend: Currently in a bearish phase after a significant drop of 13.40%.
Technical Indicators:
Bollinger Bands:
Upper Band: $1.399
Middle Band (MA): $1.244
Lower Band: $1.089
Key Support and Resistance Levels:
Support Level: $1.100 (previous low)
Resistance Levels:
First Resistance: $1.244 (Middle Band)
Second Resistance: $1.399 (Upper Band)
Third Resistance: $1.445 (24h High)
Trading Signals:
1. Bearish Signal:
Action: Sell/Short if the price breaks below the support level at $1.100.
Target Price: Aim for $1.075 as the next support level.
2. Bullish Signal:
Action: Buy if the price crosses above the middle band at $1.244.
Target Price 1: $1.399 (Upper Band)
Target Price 2: $1.445 (Previous high)
3. Range Trading:
Action: Consider range trading between $1.100 and $1.244.
Entry Point: Buy at $1.100 and sell at $1.244.
Summary:
Short-term traders should watch for potential breakouts or breakdowns around the key levels mentioned.
Long-term investors might consider accumulating LUMIA near support levels for potential gains if the price recovers.
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