Setup short $LUMIA
entry: 0.164-0.17
TP: 0.145-0.159
SL: 0.185
Why short?
The market has already made a strong move up and is now showing signs of pulling back after sweeping a large number of short positions.
The 15-minute chart still shows no clear recovery, with price gradually drifting lower. There are also significantly fewer short positions above compared with the amount of long positioning below.
This increases the probability of another move to the downside.
#Lumia #Signal. #crypto #TradingTales
entry: 0.164-0.17
TP: 0.145-0.159
SL: 0.185
Why short?
The market has already made a strong move up and is now showing signs of pulling back after sweeping a large number of short positions.
The 15-minute chart still shows no clear recovery, with price gradually drifting lower. There are also significantly fewer short positions above compared with the amount of long positioning below.
This increases the probability of another move to the downside.
#Lumia #Signal. #crypto #TradingTales