BELOW ITS MAJOR SUPPORT, $FLM HAS COMPLETED ITS RETRACEMENT (TOOK A TOTAL OF 42.82% PROFIT ON SHORTS!)
Therefore, you're in the ideal place if you're searching for a thorough analysis of FLM.
This is the reason.
FLM is now checking the lower levels of 0.049-0.052 instead of its minor resistances at 0.061-0.065. Just this move gave us three chances to short trade. We were able to see where the market would lead us by using the Fibonacci technique. Additional evidence of FLM's firm hold on this zone has been offered by the 0.0491 critical level. Given that we already know that the biggest volume of buy orders will be placed in 0.0392, 0.0453, and 0.0491, while the highest amount of sell orders will be placed in 0.0597 and 0.0652. We know exactly where the purchase and sell orders should be placed. For FLM to return to the last significant support it has maintained since 2022, we are currently waiting for a robust test on these minor resistances until it breaks.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
