FLM Long Update: The next bullrun?
Updated
The time has finally come where money will be flowing into the shittiest of shitcoins, and right up there is the shittiest of them all: FLM.
Bursting through the demand zone, FLM is now looking for more buyers to rally to previous highs.
oftentimes (as you can see throughout the chart the past year), FLM will have a 1-2 day span where it runs up 70-80% extremely quickly, and I expect that day to come again very soon.
When it hits the trendline on my chart, try to sell immediately -- is falls as quickly as it rises.
If you got big balls try to do a 5-10x short after the first bearish engulfing 5min candle that falls below that top trendline and wait it out until 0.1221 or even 0.10.
Caution while trading this with margin -- price fluctuates a lot more than others, but liquidity has been surprisingly good lately.
Good luck everyone!
Bursting through the demand zone, FLM is now looking for more buyers to rally to previous highs.
oftentimes (as you can see throughout the chart the past year), FLM will have a 1-2 day span where it runs up 70-80% extremely quickly, and I expect that day to come again very soon.
When it hits the trendline on my chart, try to sell immediately -- is falls as quickly as it rises.
If you got big balls try to do a 5-10x short after the first bearish engulfing 5min candle that falls below that top trendline and wait it out until 0.1221 or even 0.10.
Caution while trading this with margin -- price fluctuates a lot more than others, but liquidity has been surprisingly good lately.
Good luck everyone!
Note
So far so good, now up 21% from my entry.Didn't expect price to be this strong as to not accumulate too much at any level, refreshing to see.
Still expecting at least $0.15, from which either:
a) Price will consolidate for a few hours, then shoot up much higher
b) Price will just burst through higher
c) Reject quickly off $0.15.
Prepared for each of these, based on how price reacts to hitting the level.
See you all there and good luck!
Note
Prepare to start watching this closely.Good volume coming in now after a strong reversal, which usually signals that a spike could be imminent.
Once % change today goes at least 15% positive, the longs should begin flowing in as everyone anticipates the burst -- wait for this to happen, then consider selling.
Good luck!
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