$LUMIA Short Liquidation Update
Short positions worth $1.0088K were liquidated at $0.14364, signaling rising buy pressure and forcing bears to cover.
Market Structure
Price is holding above the liquidation zone, showing acceptance at higher levels. This squeeze favors continuation if momentum sustains.
Key Levels
Support: $0.1420 – $0.1385
Resistance: $0.1485 → $0.1560
Bullish Trade Setup
Entry: Break and hold above $0.1485, or a controlled pullback holding $0.1420
Targets:
TP1: $0.1560
TP2: $0.1655
Stop Loss: Below $0.1375
Market Sentiment
Short liquidations shifted control to buyers. With sellers squeezed and structure intact, dips are likely to be absorbed rather than sold.
Bullish bias remains active while price holds support and volume confirms upside follow-through.
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