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#FLUX_UPDATE Shows Strength: Bounce from Support and Possible Breakout Ahead 🚀
📊 Analysis:
$FLUX has once again tested the falling wedge support line and bounced strongly.
The repeated defense of this level signals that buyers are active around the $0.20 zone.
The price has rallied over 11% from the bottom, showing renewed bullish momentum.
Currently, FLUX is pressing against the falling wedge resistance line.
A successful breakout above this resistance could trigger a stronger rally.
The next immediate target after breakout lies near $0.23 – $0.25.
Sustained bullish pressure could even push the price back toward the $0.27 – $0.29 zone.
On the downside, if resistance holds, FLUX may retest the support near $0.20 – $0.19.
The falling wedge is traditionally a bullish reversal pattern, increasing breakout probability.
Volume confirmation will be key to validating this potential breakout rally.
Traders should watch for a daily close above resistance for clear confirmation.
Risk remains limited as long as support near $0.19 continues to hold.
Short-term momentum looks bullish, favoring breakout traders.
Long-term investors may look for consolidation above $0.23 as a sign of strength.
Overall, FLUX is showing strong recovery signs from wedge support.