Stellar Lumens

14 Okt

• Range: The upper band is around $0.10, and the lower band is around $0.085, defining a potential trading range.
  
• The price is below the middle Bollinger Band, which aligns with a possible bearish bias in the short term.
  
• There has been no strong breakout above the middle band, indicating that the downtrend may still be in play.
  
• Volume seems relatively steady without any significant spikes, suggesting no major buying or selling pressure at this time.
  
• A break above the middle Bollinger Band (near $0.10) could indicate a potential bullish reversal.
  
• On the downside, if the price breaks below the lower Bollinger Band ($0.085), it could signal further downside movement.
  
• Wait for a breakout from the Bollinger Band squeeze to gauge the next direction.
  
• Watch for a move above the middle band ($0.10) for a potential long trade with the upper Bollinger Band as a target.
  
• Alternatively, if the price fails to hold above $0.085, a short position could be considered with a tight stop.