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$FLM – OVERHEATED AFTER SPIKE, DOWNSIDE PRESSURE BUILDING!
$FLM USDT just pumped to $0.0446 (+14.55%), but signs of exhaustion are visible. Price is now slightly below MA(7), and the aggressive wick near the high hints at a local top formation. Momentum cooling off despite massive 24h volume: 7.92B FLM / $326.82M USDT.
TRADE SETUP – SHORT ON WEAK RETEST
Entry: $0.0433 – $0.0442
TP1: $0.0412
TP2: $0.0397
TP3: $0.0385
Stop-Loss: $0.0454
Outlook: The RSI is likely stretched, and FLM is now hovering near overbought territory. If price fails to close a 15m candle above $0.0442 again, short entries become attractive for a fade play.
PRO TIP: If a breakdown below $0.0420 happens with a spike in sell volume, it could trigger a cascading drop. Scalpers may tighten SL to ride the momentum.
— #FLM #ShortSignal #PerpWatch #BinanceMoves #VolumeSpike
$FLM USDT just pumped to $0.0446 (+14.55%), but signs of exhaustion are visible. Price is now slightly below MA(7), and the aggressive wick near the high hints at a local top formation. Momentum cooling off despite massive 24h volume: 7.92B FLM / $326.82M USDT.
TRADE SETUP – SHORT ON WEAK RETEST
Entry: $0.0433 – $0.0442
TP1: $0.0412
TP2: $0.0397
TP3: $0.0385
Stop-Loss: $0.0454
Outlook: The RSI is likely stretched, and FLM is now hovering near overbought territory. If price fails to close a 15m candle above $0.0442 again, short entries become attractive for a fade play.
PRO TIP: If a breakdown below $0.0420 happens with a spike in sell volume, it could trigger a cascading drop. Scalpers may tighten SL to ride the momentum.
— #FLM #ShortSignal #PerpWatch #BinanceMoves #VolumeSpike
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