$LUMIA 5-minute plunge, down 5.17%, at 0.1132, with a 24h range of 0.0797 ~ 0.1394.
Technically, this move should be viewed in the context of the daily chart structure; short-term fluctuations are often retraced.
Sharp drops are often accompanied by the liquidation of large numbers of long positions in futures contracts. Once those positions are cleared out, a technical rebound may sometimes follow.
Just my personal perspective; it may not be accurate. Please consider it rationally.
Technically, this move should be viewed in the context of the daily chart structure; short-term fluctuations are often retraced.
Sharp drops are often accompanied by the liquidation of large numbers of long positions in futures contracts. Once those positions are cleared out, a technical rebound may sometimes follow.
Just my personal perspective; it may not be accurate. Please consider it rationally.