ā” $FLUX /USDT ā Bearish Momentum in Play š
FLUX is trading at $0.2201 (-0.85%), facing rejection near resistance and showing clear downside pressure. With weakening volume and bearish EMA/MA alignment on 1H & 4H charts, sellers remain in control.
š Key Levels:
Support: 0.2175 ā 0.2100
Resistance: 0.2265 ā 0.2350
š Trade Setup (Short):
Entry: Below 0.2210
Targets (TP):
šÆ TP1: 0.2175
šÆ TP2: 0.2100
Stop-Loss (SL): 0.2270
š Indicators:
Price trading below recent resistance ā downside bias intact
Declining volume confirms bearish continuation potential
EMA/MA trending lower (1H/4H) ā sustained selling pressure
āļø Risk Management:
Risk ⤠2% of capital per trade
Adjust SL if price breaks below first support for protection š”
Summary: $FLUX remains bearish while below resistance. Short setups favored as momentum points lower. š»š°
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