LUMIA is on the verge of a major breakdown, and the 0.1018 level is the last line of defense - a sweep of this zone could unleash a wave of selling pressure. The higher timeframe is bearish, and the recent price action has been nothing but a slow grind downwards, with the RSI hovering around 64, indicating a potential overbought condition ready to unwind.
Looking at the chart, we can see that the price is currently hovering around the order block zone, a key area of interest for smart money. The volume is slightly above average, coming in at 1.3x, which suggests that there's still some fuel left in the tank for a potential move. Our SMC Score is sitting at 8.3/10, indicating a high level of confidence in this short setup.
Here are the trade levels:
- Entry: 0.10180
- Take Profit 1: 0.09891 (RR 2.4x)
- Take Profit 2: 0.09459 (RR 6.0x)
- Stop Loss: 0.10301
We're looking for a short entry at 0.1018, with a 1:2 risk/reward ratio, watching the order block zone closely. If you're following along, make sure to keep your position size in check and don't get caught off guard.
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