$LUMIA Is it ready for a decline?

Not fully, but if the price breaks and closes below EMA(99) (1.297) with increasing volume, it will confirm the bearish momentum. Until then, it might consolidate near this level.

What to do?

For bearish confirmation, watch for a break below 1.297. If it happens, shorting with a target at 1.21 or 1.10 may be reasonable.

If it reclaims 1.30, a reversal could invalidate the bearish scenario.