Current situation:
- Price: $0.0434 (+23.65% for the day)
- EMA(50) > EMA(200) — uptrend.
- MACD above zero, histogram rising — buy signal.
- RSI(14) = 67.57 (close to overbought, but there is potential for continued growth).
Strategy:
1. Entry into the position:
- Buy if the price stays above $0.0430 (support at EMA50).
- Additional purchase on the pullback to $0.0410–0.0400 (strong support zone).
2. Take-profit (TP):
- TP1: $0.0450 (nearest resistance level).
- TP2: $0.0480 (taking part of the position).
- TP3: $0.0500+ (if the trend accelerates).
3. Stop-loss (SL):
- SL: $0.0390 (below EMA200 and the psychological level).
4. Risk management:
- Do not invest more than 5% of the deposit in one trade.
- Use trailing stop after breaking $0.0450.
Why FLM may soar?
- Strong impulse growth on high volumes.
- MACD and RSI confirm the strength of buyers.
- The crypto market is overall positive — altcoins are in focus.
Act quickly, but with a cool head! 💎🙌
If the strategy gains 100+ likes, I will do a detailed technical analysis in the next post! 🔥
Not an investment advice. Trade at your own risk.