$LUMIA HITS MAJOR SUPPLY ZONE โ SHORT SETUP ๐๐ฅ
๐ด SHORT
Entry Range: $0.1400โ$0.1580
Stop Loss: $0.16258
TP1: $0.1200
TP2: $0.0900
TP3: $0.05983
LUMIA has surged vertically by nearly 50% into a heavy macro resistance block, currently trading around $0.15221. For me, the key is whether sellers can defend this supply ceiling and spark a sharp mean-reversion drop.
Iโm looking for a continued pullback lower while LUMIA remains capped under the upper resistance zone. A sustained rejection from this area could drive price down toward $0.1200 first, followed by $0.0900, and eventually the primary macro demand floor marked near $0.05983.
After such an aggressive parabolic expansion, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal on momentum blow-offs, so Iโd rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under the resistance high, my bias favors further downside. Above $0.16258, the setup is invalidated for me.
Now letโs see if LUMIA completes this correction back to the lower support floor ๐๐ฅ
$STRK
$CHIP
#TradingCommunity #TradingSignals #Write2Earn!
๐ด SHORT
Entry Range: $0.1400โ$0.1580
Stop Loss: $0.16258
TP1: $0.1200
TP2: $0.0900
TP3: $0.05983
LUMIA has surged vertically by nearly 50% into a heavy macro resistance block, currently trading around $0.15221. For me, the key is whether sellers can defend this supply ceiling and spark a sharp mean-reversion drop.
Iโm looking for a continued pullback lower while LUMIA remains capped under the upper resistance zone. A sustained rejection from this area could drive price down toward $0.1200 first, followed by $0.0900, and eventually the primary macro demand floor marked near $0.05983.
After such an aggressive parabolic expansion, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal on momentum blow-offs, so Iโd rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under the resistance high, my bias favors further downside. Above $0.16258, the setup is invalidated for me.
Now letโs see if LUMIA completes this correction back to the lower support floor ๐๐ฅ
$STRK
$CHIP
#TradingCommunity #TradingSignals #Write2Earn!