To be honest, $LUMIA , this pump looks pretty scary; an 8 million push for a 20% gain, but honestly, the volume didn't follow at all, a classic case of pump without support. Without trading volume backing it up, this kind of surge is basically fake, and a pullback is just a matter of time.
So my game plan is simple: short right at the current price, aiming to catch a 20% dip before I take profits, with a stop-loss set at 0.15. On the 15-minute chart, this kind of setup can easily lead to a quick retracement, and there won't be much time to hesitate.
Don't be fooled by the surface gains; behind a volume-less pump, there's often a more violent sell-off waiting to happen. If you're looking to jump in, do it quickly; don't wait until the drop to start kicking yourself.
#LUMIA
So my game plan is simple: short right at the current price, aiming to catch a 20% dip before I take profits, with a stop-loss set at 0.15. On the 15-minute chart, this kind of setup can easily lead to a quick retracement, and there won't be much time to hesitate.
Don't be fooled by the surface gains; behind a volume-less pump, there's often a more violent sell-off waiting to happen. If you're looking to jump in, do it quickly; don't wait until the drop to start kicking yourself.
#LUMIA