$LUMIA /USDT Technical Analysis

Current Price: $1.097

24h High: $1.143

24h Low: $1.000

24h Vol(LUMIA): 13.39M

24h Vol(USDT): 14.43M

Gainer: +6.50%

Pattern Analysis: The chart shows a potential bullish reversal pattern forming. The price has broken below the lower Bollinger Band (BB) but has since recovered and is now retesting the broken level. This suggests a potential bullish reversal.

Trade Recommendations:

Long Trade:

* Entry: $1.097 (Current Price)

* Target: $1.1500 (Above the broken support level)

* Stop Loss: $0.9500 (Below the recent swing low)

Short Trade: Wait for a clear bearish signal, such as a break below the recent swing low.

Market Outlook: The market is showing signs of a potential bullish reversal. However, it's important to monitor the market closely for any signs of a bearish reversal.

Leverage: Use leverage carefully and manage your risk. Consider using a stop-loss order to limit potential losses.

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