$FLM 🚀REJECTION BUT VOLUME INCREASING
🚀 WHALE ENTERING signs
Chart Pattern:
Descending Wedge forming on 4H chart – a bullish reversal pattern.
Tight price compression indicates a possible breakout if volume increases.
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📌 Key Price Levels
Type Price Range
Support 1 $0.0370 – $0.0380
Support 2 $0.0345 (historical low)
Resistance 1 $0.0425 (50 EMA test)
Resistance 2 $0.0465 (200 EMA target)
Breakout Target $0.050 – $0.055
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🎯 Trading Strategy
📈 Short-Term Setup (Swing Trade):
Entry Zone: $0.0380 – $0.0395
Target 1: $0.0425
Target 2: $0.0465
Stop-Loss: $0.0360 (below wedge support)
🪙 Mid-Term Positioning:
Accumulation Range: $0.0345 – $0.0400
Breakout Confirmation Above: $0.0460
Upside Target: $0.052 – $0.060 (if bullish continuation plays out)
⚠️ Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk. Always DYOR (Do Your Own Research) and consult a financial advisor before making investment decisions.