$LUMIA
/USDT Technical Analysis and Trade Signal🚀🎯
Current Price: $1.61
Key Indicators:
24h High: 1.730
24h Low: 1.330
Bollinger Bands (20, 2):
Upper: 1.705
Middle: 1.584
Lower: 1.464
SAR (0.02, 0.2): 1.695
Technical Analysis:
Trend Analysis: LUMIA/USDT is currently in a bullish momentum, with the price moving closer to the upper Bollinger Band (1.705). The SAR at 1.695 further supports the upward trend.
Support and Resistance Levels:
Support: 1.464 (Lower Bollinger Band and recent 24h low).
Resistance: 1.730 (Recent 24h high), a key level to break for further bullish confirmation.
Momentum: The momentum is positive, with the price showing an upward push. The MACD (not displayed) would likely indicate a bullish crossover, strengthening the uptrend. The significant 18.12% increase in the last 24 hours suggests strong market interest.
Trade Signal:
Buy Signal:
Enter at current price ($1.61) or a break above 1.705 (upper Bollinger Band).
Target Levels:
Target 1: 1.730 (Next immediate resistance)
Target 2: 1.800 (Psychological level, just above 1.730)
Target 3: 1.880 (Recent price action high, longer-term target)
Stop Loss: Place stop around 1.460 (just below the lower Bollinger Band) to manage risk in case of a reversal.
Sell Signal:
If the price drops below 1.464, indicating a reversal or bearish trend, consider selling.
Target Levels for Shorting:
Target 1: 1.330 (Recent 24h low)
Target 2: 1.250 (Support from previous price action)
Target 3: 1.200 (Psychological support level)
Trade Momentum:
Given the positive momentum and strong volume (31.13M USDT in 24h trading), it’s likely to see continued upward pressure as long as the price remains above 1.464. If LUMIA/USDT breaks below this level, a shift to bearish momentum is possible.
Recommendation:
Bullish bias for the short term, targeting the 1.730–1.880 range.
Watch the lower Bollinger Band (1.464) for a possible price reversal or bearish momentum.
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