$LUMIA /USDT Analysis: Technical Breakdown & Targets
Current Price: $1.328 (-4.80% on the 30m chart)
Technical Analysis:
$LUMIA /USDT is consolidating near its intraday range, with support at $1.282 (24h low) and resistance at $1.397 (24h high).
The chart shows a pattern of lower highs, suggesting caution for short-term traders.
A breakout above $1.350 could initiate upward momentum.
3 Targets for LUMIA/USDT:
1. Target 1 (T1): $1.350
Immediate resistance level.
A move above this indicates bullish recovery potential.
2. Target 2 (T2): $1.400
Resistance just below the 24h high.
Breaking this confirms strong bullish momentum.
3. Target 3 (T3): $1.450
Extended target based on Fibonacci extensions and market recovery potential.
Actionable Advice:
Short-Term Traders: Monitor $1.350 for breakout and secure profits near $1.400.
Long-Term Traders: Watch for sustained movement above $1.400 to aim for $1.450.
Stop Loss: Place below $1.280 to mitigate risks.