Trading Signal for $FLM /USDT on Binance (15-Minute Chart)

Price: 0.0707 USDT

24H Low: 0.0688 USDT

24H High: 0.0796 USDT

Change: -10.39%

Technical Analysis:

1. exponential moving average (ema):

- ema(200): 0.0802

price is trading well below the ema(200), confirming a strong bearish trend.

2. support level:

- 0.0688 usdt (recent low)

3. resistance level:

- 0.0750 usdt (previous price consolidation zone)

- 0.0802 usdt (ema 200)

4. relative strength index (rsi):

- rsi(6): 39.9 (below 50, suggesting bearish momentum but not yet oversold)

5. volume:

- recent uptick in volume during the drop to 0.0688 indicates some buying pressure at the support level.

short entry signal:

- entry point: 0.0707 usdt or after rejection near 0.0750 usdt.

- target: 0.0688 usdt (support level)

- stop loss: 0.0760 usdt (above resistance)

long entry signal (rebound play):

- entry point: near 0.0688 usdt if support holds and shows a bounce.

- target: 0.0750 usdt (resistance)

- stop loss: 0.0675 usdt (below recent low)

overall bias:

bearish trend on the 15-minute chart. watch for price action near support and resistance levels to confirm trade direction.

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