Remember that dump everyone thought was the end? I think it just gave us the entry. 👀
A few hours ago I asked whether $LUMIA was finished or just shaking people out.
Now I’ve seen enough.
I’m opening a BIG LONG on $LUMIA here.
TP: $0.140
SL: $0.096
That sharp dump pushed price straight into the $0.106–$0.108 area, but instead of breaking down, $LUMIA held it and started recovering.
That tells me the selling pressure may have already done its job: weak longs got flushed, fresh shorts came in, and now price is trying to build again from support.
If this level keeps holding, I think the next move can be much faster than the recovery we’re seeing now.
The dump created the fear. I’m using that fear as my entry.
A few hours ago I asked whether $LUMIA was finished or just shaking people out.
Now I’ve seen enough.
I’m opening a BIG LONG on $LUMIA here.
TP: $0.140
SL: $0.096
That sharp dump pushed price straight into the $0.106–$0.108 area, but instead of breaking down, $LUMIA held it and started recovering.
That tells me the selling pressure may have already done its job: weak longs got flushed, fresh shorts came in, and now price is trying to build again from support.
If this level keeps holding, I think the next move can be much faster than the recovery we’re seeing now.
The dump created the fear. I’m using that fear as my entry.