$FLO/BTC longterm target
FLO made a new ATL in the bear season and has been showing rising volume ever since, historically the volume can be compared to what was seen much higher in prices.This indicates a strong accumulation and an upcoming uptrend.
My targets are same as last cycle, mainly the 2.618 fib at around 4k satoshi with a moonshot chance of the 4.236 at 6.2k satoshi.
Along the way I see good TP's and or potential trade opportunities being fib levels with some more notable ones being at 0.382 (~800 sats), 0.786 (~1.3k sats),1.272(~2k sats) and 1.618 (2.5k sats).
Once again I do not expect an immediate rise to the targets but rather a longer term progress through the levels with a big jump in price at the end accompanied by appropriate volume.
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