$FLUX /USDT – BEARISH BREAKDOWN CONTINUES, MORE DOWNSIDE LIKELY AHEAD!
Current Price: $0.1971
24h Range: $0.1910 – $0.2061
Market Trend: Bearish
24h Change: -3.48%
Volume: 7.26M FLUX / 1.43M USDT
Key Technical Levels:
Immediate Resistance: $0.2060
Major Resistance Zone: $0.2150
Immediate Support: $0.1910 (Recently tested)
Major Support Zone: $0.1800 (Next key downside target)
Current Price: $0.1971
FLUX is currently trading below its key short-term resistance of $0.2060, confirming a continued bearish structure. Price has broken down from the $0.2000 psychological zone and is now showing weakness on the lower timeframes (15m & 1h), aligning with the overall downtrend seen over the past 30 to 180 days.
Trade Setup (Short):
Entry: $0.1970 – $0.1985
Take Profit (TP1): $0.1910
Take Profit (TP2): $0.1800
Stop Loss (SL): $0.2065
Risk-Reward Ratio: Approx. 2:1
This setup favors trend continuation to the downside with a good R:R for short-sellers.
Market Outlook:
FLUX remains under heavy bearish pressure with long-term metrics showing over 70% decline in the past 6 months. The failed recovery attempts above $0.2100 reflect a lack of buyer momentum. Unless it reclaims $0.2150 with strong volume, the downtrend is expected to continue.
Risk Management Tip:
Always use a stop-loss. Risk only 1–2% of your capital per trade. Avoid overleveraging in volatile markets like FLUX.
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