Remember when everyone thought that $LUMIA dump was the end? ๐
A few hours ago, I was asking whether this thing was finished or just shaking people out. Now Iโm leaning toward the second option.
Price got slammed straight into $0.106โ$0.108, but the breakdown everyone feared never really followed. Instead, buyers started pushing it back up.
Thatโs what changed my mind.
The dump has already scared out weak longs, and the bounce may have encouraged fresh shorts to jump in. If $LUMIA keeps holding this zone, those positions could make the next move a lot more aggressive.
Iโm not waiting for everyone to turn bullish again.
BIG LONG $LUMIA
TP: $0.140
SL: $0.095๐
The fear was created by that dump. Now Iโm betting the support holds and the recovery has more room to run. ๐๐ฅ
A few hours ago, I was asking whether this thing was finished or just shaking people out. Now Iโm leaning toward the second option.
Price got slammed straight into $0.106โ$0.108, but the breakdown everyone feared never really followed. Instead, buyers started pushing it back up.
Thatโs what changed my mind.
The dump has already scared out weak longs, and the bounce may have encouraged fresh shorts to jump in. If $LUMIA keeps holding this zone, those positions could make the next move a lot more aggressive.
Iโm not waiting for everyone to turn bullish again.
BIG LONG $LUMIA
TP: $0.140
SL: $0.095๐
The fear was created by that dump. Now Iโm betting the support holds and the recovery has more room to run. ๐๐ฅ