$LUMIA

LUMIA is trading at 1.48, down 23.7% from its recent high of 1.94 and up 5.7% from its recent low of 1.40.

Analysis:

The decline from 1.94 suggests a short-term correction. $LUMIA's current price near 1.48 indicates a potential consolidation phase.

Risks:

1. Support Break: If $LUMIA breaks below 1.40, it may drop to 1.20 and 1.00.

2. Trend Reversal: Failure to sustain above 1.60 may confirm a downtrend.

Bullish Scenario:

1. Buy above 1.60, targeting 1.80 and 1.94.

2. Stop-loss below 1.40.

Bearish Scenario:

1. Sell below 1.40, targeting 1.20 and 1.00.

2. Stop-loss above 1.60.

Risk Management:

1. Position size: 2-5% of portfolio.

2. Risk-reward ratio: 1:2 or 1:3.

Important Levels:

- Support: 1.40, 1.20, 1.00

- Resistance: 1.60, 1.80, 1.94

Recommendation:

Monitor for a clear breakout above 1.60 or a bounce from the 1.40 support level to determine the next trading opportunity.

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