FLOW bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
FLOW is a cypto with a negative overall sentiment recently.
I have the following price targets:
FLOW/USDT short
Entry Range: $1.95 - 2.10
Take Profit 1: $1.75
Take Profit 2: $1.50
Take Profit 3: $1.10
Stop Loss: $2.35
Buy-sell
fake break or ready for bearish timeok lets checking chart focusly
DONT BE TRADE FAULTLESSLY , ZOOM OUT THE CHART AND LOOK GENERALLY.
dear bitcoin break the support of trading range and its can wake up the bear again or can just fake break and after few candles come back to trading range.
ever after news, trader be confuse but the professional trader just be patient and resistance with FUD and FOMO.
its clear we have 2 simple scenario:
first: its just fake break and price come back to trading range
second: price starting the channel cycle and the first support zone its(1.618 fibonacci)
this trading range making lots of money for me i hope it is the same for you ;)