$LUMIA is approaching a key supply zone where selling pressure could return. This area offers a potential high-probability short opportunity if price shows rejection.
Trading Plan – Short $LUMIA
Entry: 0.115 – 0.125
SL: 0.130
TP1: 0.110
TP2: 0.100
TP3: 0.095
The recent bounce has pushed price back into a strong resistance zone that has previously attracted sellers. The overall recovery still looks like a temporary pullback within the larger bearish structure, while liquidity remains below the recent swing lows.
If bulls fail to break and hold above this resistance, the probability of a move lower toward the downside targets increases significantly.
Manage your risk properly and stick to your trading plan.
DYOR (Do Your Own Research).
Trading Plan – Short $LUMIA
Entry: 0.115 – 0.125
SL: 0.130
TP1: 0.110
TP2: 0.100
TP3: 0.095
The recent bounce has pushed price back into a strong resistance zone that has previously attracted sellers. The overall recovery still looks like a temporary pullback within the larger bearish structure, while liquidity remains below the recent swing lows.
If bulls fail to break and hold above this resistance, the probability of a move lower toward the downside targets increases significantly.
Manage your risk properly and stick to your trading plan.
DYOR (Do Your Own Research).