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
