Recommendation: - Buy now with a short-term target at $0.0439 (potential gain of about 20%).
- Set a stop loss at $0.0344 to protect capital.
- If the price breaks the level of $0.0439, $0.05 can be considered as the next target.
Important Warnings:
- The current momentum is strong, but the high RSI indicator may indicate a potential correction soon.
- The large trading volume reflects significant interest in the currency, which may support the continuation of the upward movement.
The FLM currency shows strong performance with the potential for quick gains, but attention should be paid to saturation indicators and appropriate risk management should be in place. Always check the news and fundamental factors before making a trading decision.
Recent Performance:
- Current price: $0.0366 with a significant increase of 75.12% in the last 24 hours.
- Strong resistance level: $0.0439 (highest price in 24 hours).
- Strong support level: $0.0196 (lowest price in 24 hours).
Technical Indicators:
- The indicators show a strong upward trend:
- The moving averages indicate a buy signal with a positive gradient (MA7 above MA25 above MA99).
- The RSI indicator is at 74.7, indicating strong momentum with a potential entry into the overbought area.
- The MACD indicator is positive, reinforcing the likelihood of continued upward movement.
Proposed Strategy:
- For quick speculation: enter now and exit at $0.0439.
- For medium-term traders: waiting for a buying opportunity at nearby support levels like $0.0344.
