Alright, pay attention here — this move is not random and it’s telling a clear story.
Price action on $LUMIA just delivered a strong impulsive breakout with heavy volume, followed by a healthy pullback and tight consolidation near the highs. This kind of structure usually signals strength, not weakness. Sellers tried to push it down but failed to break structure, which keeps the bullish bias intact as long as price holds above the breakout zone.
Right now, this looks like a classic continuation setup. If price respects the current support area, buyers can step back in for another push higher. Any clean hold above support keeps the long idea valid, while a loss of that zone would invalidate the setup.
Trade Setup (Long)
Entry: 0.124 – 0.126
Target: 0.132
Stop Loss: 0.119
Short-term outlook: bullish continuation favored while holding support.
