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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