Technical Analysis of $FLUX /USDT
Current Price: $0.6095
24h High: $0.6250
24h Low: $0.5471
Parabolic SAR (Support Indicator): $0.6229
Key Indicators:
Trend: Bullish Momentum — The price has seen a +7.63% increase, indicating upward momentum.
Support Levels:
$0.5949 (Previous support zone)
$0.5471 (24h Low)
Resistance Levels:
$0.6250 (Recent High)
$0.6271 (Sell Order Depth)
Moving Averages:
Short-term momentum: The price is above the recent support and shows potential to move towards resistance levels due to the positive momentum.
SAR Indicator: SAR indicates a potential bullish trend continuation at $0.6229.
Trade Signal with Target Levels:
Trade Type: Buy (Long)
Entry Point: Around $0.6095 (Current Price)
Target Levels 🎯:
1. First Target (T1): $0.6250 (24h High) — Expected to face resistance here.
2. Second Target (T2): $0.6350 — Based on the current upward momentum and potential market push.
3. Third Target (T3): $0.6450 — Potential breakout point if bullish trend continues.
Stop-Loss:
Stop-Loss Level: $0.5949 (support level) — To minimize risk if the market reverses.
Momentum:
Positive Momentum: With a +7.63% increase in price and a solid support base, the market shows bullish momentum.
Monitor price action around key resistance levels. If price breaks above $0.6250 and holds, further gains toward $0.6350 and $0.6450 are possible.
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