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FLOWUSDT

FLOWUSDTHello dear traders, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for FLOWUSDT R1 and R2 on the top of this chart are our resistance areas which demonstrate the disability of the price to rise. And we have S1 and S2 that are two support areas in this chart with their support of price at different points even since the past. Obviously, the price was supported at S2 after a rising trend and fluctuating over S1, it experienced a rise toward R1. Here it was rejected toward S1 by a Marubozu Candle, it had a severe fall down to this area. The existence of a green candle with a shadow expresses the high pressure of sellers and the price could not rise again. Presently, it is predicted that the price resumes its decline down to S2 and by having more fixation and support there, a rise is predicted for it to higher amounts. So when the support at S1 is lost, more fall is there for the price toward S2 area or lower than that. It is less probable that the price rises over R1 and move toward higher amounts at the moment. We recommend you to activate your stop-loss point and check every detail and information before putting your trade orders and then wait for a proper time to have your next action. In case you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
Positive reactions have been observedFlow's price increased to $1.44 after it crossed the resistance range of $1.159 to $1.238 with the support of buyers. Positive reactions have been observed in the return and pullback to this level of support. Considering that the trend is completely bullish in the 4-hour timeframe, as long as this support is maintained, there is the potential to continue the upward movement and grow further to the resistance range of $1.57 to $1.64. But if selling pressure increases in the market and this support level is broken, we can expect a deeper correction to the $1 support area and even the previous floor area at $0.938-0.964. Given that the current support range has overlapped with the ceiling of the broken descending channel, there is potential for a good positive reaction from this level and continued price growth to at least the previous top. In general, the range of $1 is considered an important supply and demand area for it, and it is expected that the price of FLOW will fluctuate in this range for some time. So the range trend is expected for it. Also, price growth is more likely until the floor of the previous ascending candle in the weekly time frame is not broken down.
by MonoCoinSignal
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