$LUMIA 📉 3.7x Unusual Selling Volume on
$LUMIA , what just happened?
- Right now, the aggressive volume spike and sharp drop look very much like smart money distribution and a liquidity sweep, not just random panic selling. This type of move often leads to more downside as trapped buyers get flushed out.
- I expect price to continue lower in the short term, with first targets at 0.1124 and 0.1116. If these levels break with momentum, 0.1086 and 0.1038 are likely to be tested next, possibly even a liquidity hunt below 0.1061 before a real reversal.
- If you want to short, look for a weak bounce into 0.1142–0.1150 that gets swiftly rejected with a bearish candle. Enter on confirmation, targeting 0.1124 and 0.1116 first.
- If price does a dramatic wick below 0.1061 with high-volume reversal, flips back above 0.1086 with a bullish engulfing or similar pattern on the 1m/5m, that could be a signal to scalp long back to the 0.1142 area.
- My bias will only flip bullish if price convincingly reclaims and holds above 0.1196 with strong volume and bullish structure.
- For all trades, confirmation is crucial: watch for reversal candles, strong wicks, or clear trend continuation before entry.
📝 This is not investment advice, just an educational analysis. Trade smart, always wait for confirmation, and manage your risk carefully in these high-volatility moves!
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