$FLUX /USDT: Ready for a Bullish Breakout or Facing Resistance?
$FLUX is trading at $0.5985, up by 5.54% after rebounding strongly from its 24-hour low of $0.5456. The price is testing a critical resistance zone, and its next move will determine the trend's continuation or reversal.
Trade Setup
Entry Point: $0.5985
Targets to Watch
1. First Target: $0.6100
2. Second Target: $0.6300
3. Third Target: $0.6500
Support Levels
Immediate support at $0.5900, with critical support at $0.5750.
Analysis
The RSI at 55.78 suggests room for further growth before reaching overbought territory. A breakout above $0.6100 could confirm the continuation of the bullish momentum. However, failure to hold $0.5900 may lead to consolidation or a pullback. Monitor trading volume for a clearer trend signal.