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FLM/USDT (Futures) Potential Upward Movement

FLM/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 0.6966, 0.7416, 0.7843.

Key Support Levels: 0.5980, 0.5639, 0.5388.

Daily Time Frame:

The price on the higher time frame found support around the 0.6049 USDT mark which stopped the market to move further to the downside. we have a 61.80% fiboancci retracement level where the buyers took control of the market. This could lead to a reversal and a move to the upside in the coming hours.

FLM/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the price is traded inside a bearish channel formation where it managed to break it to the upside by posting higher lows. this shows that the market is controlled by the buyers. A lower correction could be seen to the highlighted zone before a new impulsive toward the target profits.

Signal Idea:

Buy Limit Order @ 0.5987

TP 1 @ 0.6672

TP 2 @ 0.6966

Stop Loss @ 0.5782

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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