FLR/USDT Major trend. Downward channel. 21 10 2023

Main trend. Time frame 3 days. Due to airdrop and the general trend of alts movement, the trend is pronounced downward. The price is moving in a descending channel. With a high probability in the near future may occur after a significant drop in price corrective movement to it, so as not to spoil the logic of the channel for the market maker. The percentages have shown. It is worth noting that locally can be formed as before candle “hammer” (bullish signal).

Line chart.

Local trading situation at the moment. Time frame 1 day.

You should always have a $ reserve of 30% of your position in case the Corona-dump 2020 fractal occurs.

Trade closed: target reached:

first local target from the wedge breakout in the channel reached +60%. Important reversal zone. If there is a breakout of this resistance level (v-shaped reversal) and line (range of the descending channel) - trend reversal. First targets on the chart. High buyer volume.

Trade active

Trade closed: target reached:

second target closed. Impulse from the reversal level 0.1353 to the resistance level zone 0.02338 at +65%. A small pullback and the value still holds.

From the price reversal from the lowest price point of 0.00818, it is gave the lowest point (publication of the idea and circled in yellow), which is waiting for the "ordinary greedy hamster" +175% at the moment. Not enough???

Trade active

Trade closed: target reached:

Today gentlemen 23 02 2024

Almost the maximum goal of the idea has been reached. Now in momentum. The level is 0.04151, which is +406.96% from the reversal. Profit is substantial. Protect it with a stop loss, or if your greed is satisfied - pour it into similar assets on a low start.

Note, this is an XRP group asset that is now in a reversal zone, but there has been no strong rise yet.

Let me remind you that the publication of the FLR/USDT idea is the lowest price of 0.0818 and the time of trend reversal (publication is the day of trend reversal).