Current Information:
Price: 1.577 USDT, up 49.76%
24h High/Low: 4.060 / 0.550 USDT
Volume: High for both LUMIA and USDT
MA (Moving Averages):
MA(5): 67,476.56 (yellow)
MA(10): 68,594.22 (red)
MA(60): 1.645 USDT (gray)
Indicators:
1. MACD (Moving Average Convergence Divergence):
MACD Line: Slightly negative (-0.002)
DEA: Also negative (-0.017)
Histogram: Appears negative, showing weak momentum.
2. Volume: There is a noticeable volume spike at around 20:00, likely indicating interest in the price level near 1.57 USDT.
3. Trend: There is a downtrend seen in the price chart (sloping down from 1.698 USDT). The price recently bounced from near 1.554 USDT and is stabilizing around 1.577 USDT.
Trading Plan
Plan A: Long Entry
Entry Point: If the price breaks above the recent 1.60 resistance with strong volume, you could enter a long position.
Take Profit (TP):
First target around 1.65 USDT (near MA60).
Second target around 1.70-1.75 USDT.
If the uptrend sustains, the third target could be close to 2.00 USDT.
Stop Loss (SL): Below recent support, at 1.54 USDT. If the price closes below this level, it signals a continued downtrend.
Trade Duration: Intraday to 3 days depending on momentum.
Plan B: Short Entry
Entry Point: If the price fails to hold 1.60 and breaks below 1.55, consider a short position.
Take Profit (TP):
First target at 1.50 USDT.
Second target around 1.45-1.40 USDT, if the downward momentum accelerates.
Stop Loss (SL): Place the SL around 1.65 USDT.
Trade Duration: Intraday to 2 days, depending on volatility.
Backup Plans (C & D)
Plan C (Long Continuation): If Plan A fails and price retreats below 1.55 but doesnât break down:
Re-enter long if it finds support near 1.50-1.52.
SL at 1.48.
Target 1.60-1.65 again.
Plan D (Short Continuation): If Plan B fails but momentum continues:
Re-enter short if price consolidates below 1.52.
TP near 1.45, SL near 1.60.
Signal & Risk Management
Risk-Reward: Ensure a ratio of 1:2 or 1:3, risking 1 unit to gain 2 or 3 units.
Duration: Adjust duration based on breakouts/breakdowns of key support and resistance levels.
Would you like me to run a deeper analysis on any specific indicator or pattern?
