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.
Buy Limit Order @ 0.5987
TP 1 @ 0.6672
TP 2 @ 0.6966
Stop Loss @ 0.5782
Trade Safely 🙂