$FLOW The recent short liquidation of $5.0376K around $0.803 in FLOW indicates a potential market movement as traders were forced to exit their positions. This event often signals volatility, providing a potential opportunity for buyers or sellers. Here's a detailed breakdown.
Key Levels for FLOW.
1. Current Price Zone. Around $0.803
2. Support Zone. Buy Zone.
Primary Buy Zone. $0.780 - $0.795
Secondary Buy Zone. $0.750 - $0.770 if the price retraces further.
3. Resistance Levels. Targets.
Target 1: $0.820
Target 2: $0.850
Target 3: $0.880 for mid-term trades.
4. Stop Loss Recommendation.
Place a stop loss below $0.750 for safer trades to limit losses in case of unexpected bearish momentum.
Market Outlook.
Bullish Scenario.
If FLOW holds above $0.803 and gains buying momentum near the support zone, we could see a test of $0.820 or higher.
Bearish Scenario.
If the price breaks below $0.780, further downside could lead to $0.750.
Indicators to Watch.
1. Volume Analysis.
Increased buying volume at $0.803 could confirm a bullish trend.
2. RSI Relative Strength Index.
Look for RSI around 50–60 to support bullish movement.
3. Moving Averages.
Short Term MA e.g., 10 day. Watch for upward crossover to confirm strength.
Trade Plan.
Buy Zone Entry. $0.780 - $0.795
Targets.
Short term: $0.820
Mid term: $0.850
Long term: $0.880
Stop Loss. Below $0.750
Remember.
Always manage risk and use appropriate position sizing based on your capital and risk tolerance. The crypto market is volatile, so stay updated with news and technical developments.
#FLOW #BTCXmasOrDip? #XmasCryptoMiracles #Crypto2025Trends #GrayscaleHorizenTrust