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FLM / TetherUS

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FLMUSDT trade ideas

FLMUSDT pullback before 0.60$ 🦐Nice breakout from daily resistance and now want to retest the resistance as new support. IF the price will hold the support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
23
FLMUSDT (FLAMINGO) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - FLMUSDT brokeout above the double bottom neckline resistance. - Price hit a swing high and retraced. - Price retested the neckline resistance (flip horizontal support)and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance ( DTR ). - A brokeout above the descending trendline resistance (DTR) could be seen as a bullish signal. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance (DTR) and horizontal resistance level (R1). TARGETS 🎯 - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level (S1).
Long
by Chibuike_Odoh