$LUMIA This brutal pullback is getting hard to stomach. It’s down 13.45% in 24 hours, with the current price at 0.0785. Trading volume is 5.72 million, so activity still looks pretty strong.
The funding rate has plunged to -1.86%, which shows the bears are really aggressive and lots of people are shorting.
Is this just a shakeout, or is it really in trouble? 0.078 feels like a key level: if it holds, there may still be a chance; if not, it could test lower levels.
What do you guys think? Adding to your positions or getting out?
The funding rate has plunged to -1.86%, which shows the bears are really aggressive and lots of people are shorting.
Is this just a shakeout, or is it really in trouble? 0.078 feels like a key level: if it holds, there may still be a chance; if not, it could test lower levels.
What do you guys think? Adding to your positions or getting out?