$LUMIA (click to trade) plunged nearly 20% today, hitting a 24-hour low of 0.07 amid clear panic. However, looking at the broader trend, note that the price of $LUMIA remains within an uptrend, and short-term volatility is unlikely to change the medium-term direction.
Technically, the 5-day moving average has crossed below the 10-day moving average. Short-term panic may be tempered by the moving averages. Watch whether the price can hold the support level near 0.07, and look for a rebound signal from the moving-average crossover. Don’t blindly buy the dip; wait patiently for a clear buy signal. Set a stop-loss level to manage risk.
Can $LUMIA break through recent resistance and resume its uptrend? #技術分析 #Binance
Technically, the 5-day moving average has crossed below the 10-day moving average. Short-term panic may be tempered by the moving averages. Watch whether the price can hold the support level near 0.07, and look for a rebound signal from the moving-average crossover. Don’t blindly buy the dip; wait patiently for a clear buy signal. Set a stop-loss level to manage risk.
Can $LUMIA break through recent resistance and resume its uptrend? #技術分析 #Binance