FLOW/USDT Assessing Breakout Potential Above Resistance? 👀 🚀
💎 Paradisers, focus on #FLOWUSDT as it showcases a strategic move in the market. The asset is currently poised to challenge a critical resistance level, suggesting a strong likelihood of an upward trend upon a successful breakout.
💎 Analyzing #FLOW historical performance reveals its adherence to a descending channel pattern, with subsequent upward movements following successful breakouts. Presently,
FLOW is demonstrating a concerted effort to breach a key resistance level, while maintaining robust momentum above the EMA.
💎 This setup indicates a high probability of overcoming the resistance at $.735. If this breakout is achieved, #FLOW is targeting subsequent resistance levels at $.916 and $1.071, marking potential new highs.
💎 However, in the dynamic world of cryptocurrency trading, #FLOW traders should remain prepared for all possibilities. A fallback strategy would involve anticipating a bullish rebound from the support level of $0.599, in case the breakout effort falters.
💎 Importantly, a decline below this support level might suggest challenges in sustaining the bullish trend and necessitate a reassessment of the trading approach. 🌴💰
💎 Analyzing #FLOW historical performance reveals its adherence to a descending channel pattern, with subsequent upward movements following successful breakouts. Presently,
FLOW is demonstrating a concerted effort to breach a key resistance level, while maintaining robust momentum above the EMA.💎 This setup indicates a high probability of overcoming the resistance at $.735. If this breakout is achieved, #FLOW is targeting subsequent resistance levels at $.916 and $1.071, marking potential new highs.
💎 However, in the dynamic world of cryptocurrency trading, #FLOW traders should remain prepared for all possibilities. A fallback strategy would involve anticipating a bullish rebound from the support level of $0.599, in case the breakout effort falters.
💎 Importantly, a decline below this support level might suggest challenges in sustaining the bullish trend and necessitate a reassessment of the trading approach. 🌴💰
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.