$FLOW
/USDT Technical Analysis and Trade Strategy🚀🎯
Current Price: $1.07 (+9.79%)
Indicators Used:
1. Bollinger Bands (20, 2):
Upper Band (Resistance): $1.177
Middle Band (Support): $1.130
Lower Band (Major Support): $1.083
2. Parabolic SAR (0.02, 0.2): $1.154 (Bullish trend)
3. Volume Analysis:
24h Volume (USDT): $35.89M (High, indicating strong participation).
4. MACD & RSI Insights:
RSI assumed to be near 60–70, signaling moderate bullish momentum.
Trade Strategy
Scenario 1: Bullish Breakout
If FLOW breaks $1.18 (Upper Bollinger Band) with strong volume, it could signal a continuation of the uptrend.
Entry Point: Above $1.18 after confirmation.
Targets:
1. 🎯 $1.25 (Key resistance, 6% gain from $1.18).
2. 🎯 $1.32 (Recent high and psychological level).
3. 🎯 $1.42 (Extension target, strong resistance).
Stop Loss: Below $1.12 (Middle Bollinger Band).
Scenario 2: Range-Bound Trading
If the price remains between the Middle Band ($1.13) and Upper Band ($1.18):
Buy Zone: Near $1.13.
Sell Zone: Near $1.17–$1.18.
Stop Loss: Below $1.08.
Scenario 3: Bearish Reversal
If the price drops below $1.08 (Lower Bollinger Band):
Wait for support at $1.03 (historical key level).
Short Entry: Below $1.03, targeting:
1. 🎯 $0.98
2. 🎯 $0.92
3. 🎯 $0.85
Stop Loss: Above $1.10.
Key Notes:
Watch the volume and MACD crossover for confirmation of trends.
The Parabolic SAR remains a bullish signal as long as prices stay below $1.154.
Monitor general market sentiment as it can heavily influence Layer 1 blockchain tokens like FLOW.