LUMIA IS BLAZING THROUGH RESISTANCE ZONES
TECHNICAL SCAN
▪️ 4H RSI at 82.01 signals extreme overbought conditions, suggesting a potential pullback or consolidation after this vertical move.
▪️ Price sits far above EMA 20 (0.1082) and EMA 50 (0.0963), confirming strong bullish momentum but highlighting significant deviation from moving averages.
TRADE SETUP
▪️ Entry Zone: 0.1650 - 0.1693 USD (Wait for a minor dip or breakout confirmation)
▪️ Take Profit 1: 0.1833 USD (Immediate resistance level)
▪️ Take Profit 2: 0.2100 USD (Extended target if resistance breaks)
▪️ Stop Loss: 0.0750 USD (Defensive level below major support)
▪️ Risk/Reward: Approx 1:1.5 ratio based on entry at 0.1693
Are you opening a Long to ride the momentum or waiting for a Short on the overbought RSI?
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News . @MistralAK
#Crypto #LUMIA #Trading
TECHNICAL SCAN
▪️ 4H RSI at 82.01 signals extreme overbought conditions, suggesting a potential pullback or consolidation after this vertical move.
▪️ Price sits far above EMA 20 (0.1082) and EMA 50 (0.0963), confirming strong bullish momentum but highlighting significant deviation from moving averages.
TRADE SETUP
▪️ Entry Zone: 0.1650 - 0.1693 USD (Wait for a minor dip or breakout confirmation)
▪️ Take Profit 1: 0.1833 USD (Immediate resistance level)
▪️ Take Profit 2: 0.2100 USD (Extended target if resistance breaks)
▪️ Stop Loss: 0.0750 USD (Defensive level below major support)
▪️ Risk/Reward: Approx 1:1.5 ratio based on entry at 0.1693
Are you opening a Long to ride the momentum or waiting for a Short on the overbought RSI?
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News . @MistralAK
#Crypto #LUMIA #Trading