$LUMIA just saw a long liquidation of $1.0203K at $0.1073. This correction is healthy, as it clears exhausted buyers and allows the market to consolidate before any sustained upward move.
Trade Setup:
Entry Zone: $0.105–$0.108 key support area from previous swing lows and near the 0.618 retracement of the last decline.
Target 1: $0.114 frrst reaction level from prior consolidation and minor resistance.
Target 2: $0.120 strong resistance zone tested multiple times in past rallies.
Stop Loss: $0.102 below recent swing lows to prevent being stopped out on minor dips.
I’m watching this zone closely; they’re building strength around $0.105–$0.108. If this level holds, it could provide a clean long opportunity, supported by prior reaction areas and retracement levels.
