STELLARíS LUMEN TECHNICAL ANALYSIS Ė BACK IN THE BEAR TRAP
Itís back in the red for Stellarís Lumen and the broader market, with a failure to recover through the day raising the prospects of sub-$0.20 levels before any rebound in the coming weeks.
Key Highlights
Stellarís Lumen gained 1.09% on Tuesday, following Mondayís 1.83% rise, to end the day at $0.23412.
A morning pullback to an intraday low $0.22986 saw Stellarís Lumen hold well above the dayís first major support level at $0.2212.
An afternoon rally saw Stellarís Lumen move through to an intraday high $0.24236 to test the first major resistance level at $0.2431 before easing back to $0.23 levels by the dayís end.
In spite of the gains, Stellarís Lumen continued to fall well short of the 23.6% FIB Retracement Level of $0.2648, supporting the extended bearish trend.
Stellarís Lumen Price Support
Stellarís Lumen gained 1.09% on Tuesday, following on from Mondayís 1.83% rise, to end the day at $0.23412.

Following the broader market, Stellarís Lumen fell to an intraday low $0.22986 in the early part of the day, the morningís low holding well above the first major support at $0.2212.

A late morning recovery saw Stellarís Lumen rally through to an intraday high $0.24236 to test the dayís first major resistance level at $0.2431 before pulling back to sub-$0.23 levels by the dayís end, the failure to break through the first major resistance level to take a run at the 23.6% FIB Retracement Level of $0.2648 continuing to support the extended bearish trend formed at late Aprilís swing hi $0.46547.

At the time of writing, Stellarís Lumen was down 2.82% to $0.22772, with Stellarís Lumen pulling back from a start of the day $0.23657 high to a morning $0.22206 low, in whatís been a relatively choppy start to the day, Stellarís Lumen falling through the first major support level at $0.2285 and second major support level of $0.2229 before a partial recovery through the morning.

For the day ahead, a move through to $0.2354 would support a run at the dayís first major resistance level at $0.2410, though with the broader market sitting deep in the red at the time of writing, Stellarís Lumen will likely struggle to break through to $0.24 levels through the day, the early pullback to sub-$0.23 levels continuing to point to a possible near-term sub-$0.20 low before any meaningful recovery.

Failure to break back through to $0.23 levels would likely see Stellarís Lumen take a bigger hit later in the day, with the second major support level at $0.2229 in back in play through the afternoon before any recovery.
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