FLMUSDT trade ideas
🆓Flamingo (FLM) May-06 #FLM $FLMThe sudden buying force has just came into FLM and made the 0.9$ become its strong support to push it up to 1.3$ and even 2$ in this May
📈BUY
-Buy: 0.9-0.95$. SL if B
-Buy: 0.78-0.82$. SL if B
📉SELL
-Sell: 1.25-1.3$. SL if A
-Sell: 1.9-2$. SL if A
♻️BACK-UP
-Sell: 0.78-0.82$ if B. SL if A
-Buy: 0.58-0.62$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
🔥 FLM Potential Channel BounceFLM has been trading in this channel for over three months now. With BTC falling recently, the price of FLM is near the support of the channel again, a potential buy opportunity.
With a prolonged push upwards the target is the current ATH. Wait for confirmation before entering the trade.
Happy trading!
FLMUSD - LONG TO $1.12 IN TWO DAYS🚀🚀FLMUSDT BUY/LONG
Zoom in🔍
Study the chart
Follow the Green arrow
For Spot and Futures Traders
Entry - $0.714
Tp1 - $0.9
Tp2 - $1.1
Tp3 - $1.2
Stop loss - $0.5350
Choose your leverage
As we can see on the chart, FLM is consolidating/ranging. Price was unable to break the demand zone, downward. Also price is about to break the symmetrical triangle upward.
If the breakout is successful, I expect price to reach my target at $1.120 in 2-7days
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹