๐จ $LUMIA coin explodes ๐ Bulls establish a wall of
protection above the MA(25)! ๐ฅ๐
$LUMIA is putting in an exceptionally strong performance today, leading the gains with a staggering +36.19%, with the price now trading at $0.1607 and breaking past previous ranges on strong buying momentum.
๐ The current technical battle (a lesson in moving averages):
โข Bulls take over: The price is moving in a strong uptrend and trading clearly above the purple MA(25) average support wall at $0.1289, as well as the pink slow MA(99) line at $0.0964.
โข Immediate resistance: The current candle is facing temporary selling pressure below the yellow MA(7) line at $0.1611, as bears try to prevent an immediate breakout above the previous local high at $0.1833.
๐ฏ Upcoming upside targets (where are we headed?):
โข First target: Break above the yellow MA(7) line and hold above $0.1650.
โข Second target: Retest and break through the fierce high at $0.1833.
โข Main target: Soar toward $0.1950 to open a new upward wave.
๐ก Tip: Buying momentum in the coin is tremendous, and smart money inflows are very clear, but the current candle shows hesitation (an upper wick).
Don't rush into random buys at the top. Wait for a bounce or a clear breakout, and always set a Stop Loss below the $0.1480 support to protect your portfolio! ๐ก๏ธ๐ฆ
@ABO_SHAMAN
#LUMIA #Crypto #TechnicalAnalysis #BinanceSquare
protection above the MA(25)! ๐ฅ๐
$LUMIA is putting in an exceptionally strong performance today, leading the gains with a staggering +36.19%, with the price now trading at $0.1607 and breaking past previous ranges on strong buying momentum.
๐ The current technical battle (a lesson in moving averages):
โข Bulls take over: The price is moving in a strong uptrend and trading clearly above the purple MA(25) average support wall at $0.1289, as well as the pink slow MA(99) line at $0.0964.
โข Immediate resistance: The current candle is facing temporary selling pressure below the yellow MA(7) line at $0.1611, as bears try to prevent an immediate breakout above the previous local high at $0.1833.
๐ฏ Upcoming upside targets (where are we headed?):
โข First target: Break above the yellow MA(7) line and hold above $0.1650.
โข Second target: Retest and break through the fierce high at $0.1833.
โข Main target: Soar toward $0.1950 to open a new upward wave.
๐ก Tip: Buying momentum in the coin is tremendous, and smart money inflows are very clear, but the current candle shows hesitation (an upper wick).
Don't rush into random buys at the top. Wait for a bounce or a clear breakout, and always set a Stop Loss below the $0.1480 support to protect your portfolio! ๐ก๏ธ๐ฆ
@ABO_SHAMAN
#LUMIA #Crypto #TechnicalAnalysis #BinanceSquare