#FLM /USDT Trade Plan and Technical Analysis
Current Price: $0.0430
24h Change: +28.74%
24h Range: $0.0314 – $0.0454
Time Frame Analyzed: 1 Hour (1H)
Technical Analysis:
Trend: Strong bullish momentum — price surged from ~$0.0189 to a recent high of ~$0.0454, showing nearly a 2.5x move.
Volume: 24h volume is high, confirming the strength behind the move (922M FLM traded).
Resistance:
Major short-term resistance at $0.0454 (recent local top).
Support:
Nearest support at $0.0409 (minor pullback zone after breakout).
Stronger support at $0.0351 (previous consolidation zone).
Indicators (visual observation):
Candlestick patterns show healthy pullbacks followed by strong recoveries.
Price is well above previous sideways range, indicating a breakout.
Trade Plan:
Scenario 1: Breakout Continuation
Entry: If price breaks and closes above $0.0454 on good volume, enter long.
Target 1: $0.0485
Target 2: $0.0520
Stop-loss: Below $0.0410 (recent minor low).
Scenario 2: Pullback Opportunity
Entry: If price pulls back to $0.0409 - $0.0415 zone and shows bullish reversal signs (like bullish engulfing or strong wicks), consider entering.
Target 1: $0.0450
Target 2: $0.0480
Stop-loss: Below $0.0390.
Scenario 3: Breakdown Warning
If price loses $0.0400 with strong selling pressure, avoid longs and wait for further confirmation around $0.0350.
Risk Management:
Risk/Reward Ratio: Minimum 1:2 for all setups.
Max Risk per Trade: 1%-2% of your trading capital.
Always confirm with volume and candlestick patterns before entering.
Summary:
FLM/USDT has shown a powerful breakout after a long accumulation period. If momentum continues, a breakout above $0.0454 could lead to new short-term highs. Be cautious of fake breakouts — volume confirmation is key. Pullbacks to $0.0409 area could offer a second chance for entry.
