$LUMIA $LUMIA The $LUMIA /USDT pair is currently trading at $1.104, up 0.18% in the last 24 hours. The chart shows a sideways trend with a potential for both upside and downside movement.

Key Support and Resistance Levels

Support: The immediate support level is at $1.064, which is the 24-hour low. A break below this level could signal a bearish reversal.

Resistance: The first resistance level is at $1.239, which is the 24-hour high. A break above this level could open the door to further gains.

Entry Signal

A potential entry signal for a long position could be a breakout above the $1.239 resistance level. This could trigger a move towards the next resistance level at $1.293.

A potential entry signal for a short position could be a breakdown below the $1.064 support level. This could trigger a move towards the next support level at $0.912.

Trading Strategy

Long: If the price breaks above $1.239, a long position can be initiated with a stop-loss below $1.064 and a take-profit target at $1.293.

Short: If the price breaks below $1.064, a short position can be initiated with a stop-loss above $1.239 and a take-profit target at $0.912.

Additional Considerations

Volume: The 24-hour trading volume is 14.82M, which is relatively low. A higher volume could indicate stronger bullish or bearish momentum.

Moving Averages: The 7-day and 25-day moving averages are below the current price, indicating a potential bullish bias. However, the 99-day moving average is not shown on the chart.#BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USPCEExceeds #USADPSurges #Write2Earn!