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FLMUSDT trade ideas

FLMUSDT.1DHere's a detailed technical analysis of the FLM/USDT daily chart: Price Action and Structure: The chart for FLM/USDT depicts a bearish trend since the high point around mid-March, with the price establishing a descending trendline. However, recent actions show a consolidation pattern forming, indicating a possible accumulation phase. This is a key juncture, as the direction of the breakout could dictate the short-to-medium term trend. Technical Indicators: RSI (Relative Strength Index): The RSI currently reads at 52.08, hovering around the neutral 50 mark, which indicates a balance between buying and selling pressures. This neutrality often precedes potential moves as the market decides on a direction. MACD (Moving Average Convergence Divergence): The MACD is showing a slight bullish crossover, with the MACD line just above the signal line. This could indicate an early sign of growing bullish momentum, although it’s still quite early to confirm a strong uptrend. Support and Resistance: Support (S1 and S2): The chart identifies a crucial support level (S1) at $0.0812. If the price holds above this level, it could stabilize and potentially begin an upward trajectory. A drop below this support could lead to further declines towards the next significant support (S2). Resistance (R1 and R2): Resistance at $0.1133 (R1) is the first barrier the price needs to break through to confirm any bullish bias. The next major resistance at $0.1439 (R2) represents a longer-term target for a bullish scenario. Projection and Strategy: The chart projects a possible bullish move, aiming first for R1, followed by a more ambitious target at R2 if the momentum continues. The strategy should focus on confirming the bullish potential by monitoring the price reaction around the current consolidation and especially at the S1 support level. Entry points could be considered around or slightly above S1, with stop losses just below this level to manage risk. Conclusion: The FLM/USDT pair shows signs of potential bullish activity but requires further confirmation. A sustained move above S1 with supportive volume and additional bullish signals from the RSI and MACD would increase confidence in a possible uptrend. Traders should remain cautious and wait for clear signals before committing to positions, given the recent price volatility and the proximity to significant support and resistance levels.
Long
by MarsSignals
FLM Has Mirrored Itself ! The Road To $0.5 Has Just BegunI'll Show You An Interesting Phenomenon: The FLM Chart Has Mirrored Its 2022 Price Action. 7th Step Is On The Way ! I strongly believe, this flip zone In The Chart Below, established in December 2020, represents the primary hurdle for the FLM. This zone has resisted the price movement on 10 attempts within the weekly timeframe. As you may know, the more a zone undergoes retests, the greater the likelihood of it being overcome in the future. So From Now On, I consider this zone as a pseudo-resistance-level which will be broken within the upcoming weeks. It's Simple To Identify The Big-Big Falling Wedge Pattern, And It's Even Easier To Recognize The Break-out At The Top Of This Pattern. Consequently, We Are Currently Experiencing The Pullback Phase. The War Thing You Hear On The News These Days, Is The Excuse For This Pullback. So, We've Identified The Flip Zone, As Well As The Broken Falling Wedge. What's Next? I'll Tell You What's Next! There's A Colossal Head-And-Shoulders Pattern Formed Directly Under The Main Flip Zone. Considering The Number Of Attempts To Break The Neckline And The Falling Wedge We Mentioned Earlier, We Anticipate The Price Will Shatter This Neckline And Jump Right Into The Daily Order Block, Which Is Located Around $0.5.
Long
by Trading-Mechanics
FLM/USDT is need breakout the resistance for confirm to bullish!💎 Paradisers, #FLM has recently shown significant market dynamics. Currently, FLM is encountering resistance. 💎 If FLM successfully breaks out above this resistance, it could signal bullish momentum and lead to further upward movement, possibly reaching the strong resistance area. 💎 However, if FLM fails to break out of the resistance and experiences rejection, there is a possibility of a downward movement towards the support area around $0.11. This could allow FLM to gather momentum for another breakout attempt. 💎 When FLM reaches the support area, it needs to bounce to maintain bullish momentum and attempt to break out of the resistance again. However, if FLM fails to bounce from the support and breaks below it, it could indicate a bearish trend continuation, leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
6
✴️ Flamingo Recovers | Falling Wedge, Volume & Easy 215% Target ➖ Notice the falling wedge, it works as a consolidation phase. ➖ Notice how volume starts to rise after June 2022. ➖ Notice how in early September 2023 the highest buy volume ever shows up; This is it, that's the signal. This tells us that "people in the know" are buying for the next market phase. It tells us that the bottom is in, because as a new low is hit 17-August, sell/bearish volume is low but as soon as the time comes to buy the daily volume shoots up. This volume signal is supported by a strong RSI as well as Flamingo trading above EMA50 in this timeframe. What do we know? We know the bottom is in! Once we hit bottom, the only place left to go is up. 👉 I am mapping the first target for FLMUSDT at ~215%, you can find more by looking at the chart. Thank you for reading. Remember to follow! Namaste.
Long
by AlanSantana
1
FLMUSDTbased on the trend analysis, MACD indicator, and RSI readings, the outlook for FLMUSDT appears bearish in the near term. Traders and investors may consider adopting a cautious approach or implementing strategies to capitalize on potential downward price movements, such as short-selling or avoiding long positions until signs of trend reversal or price stabilization emerge. It is essential to exercise proper risk management and conduct further research before making any trading decisions, as cryptocurrency markets are inherently volatile and unpredictable
Short
by alyazegia