$LUMIA Looking at the 1H chart, price surged from 0.096 to 0.138 and is now consolidating around 0.122.
The short-term trend is still bullish with MA(7) above MA(25) and MA(99), which is supportive for a long trade.
Long Plan:
👉🏻Entry: Around 0.120–0.122 on a bounce off support
👉🏻Targets: 0.130 first, 0.138–0.140 for extended gains
👉🏻Stop-loss: Below 0.112
Reasoning: The pullback is healthy, indicating buyers are still present. Waiting for a clean bullish candle is safer than chasing the top.
Short Plan:
👉🏻Entry: Only if price fails to hold 0.118–0.120 support and breaks below 0.112 with strong bearish momentum
👉🏻Targets: 0.103 first, 0.097–0.100 next
👉🏻Stop-loss: Above 0.122–0.124
Reasoning: This would signal a shift from profit-taking to a reversal, giving short sellers confidence.
