Technical Analysis: Flow (FLOW)
In the current FLOW chart, we see that the price is at an important resistance level. Interestingly, both the upper and lower extremes are gradually decreasing. The upward correction has ended, but that does not mean a new one will not begin.
How to trade?➡️
📉 We consider a selling strategy.
🎯Target – accumulation of levels along the direction of movement.
⛔️Set the stop-loss above the maximum of the upward movement.
🧮 Important: the profit-to-risk ratio should be more than 1.5 to 1.
Conclusion:
FLOW looks like a suitable candidate for short-term selling, but remember the discipline in risk management – it is more important than potential profit.
