Technical Analysis of $FLOW /USDT
Current Price: $0.729 (+2.82%)
24h Range: $0.682 - $0.747
Resistance Levels:
R1: $0.747
R2: $0.770
R3: $0.800
Support Levels:
S1: $0.682
S2: $0.700
S3: $0.679
Indicators & Momentum:
RSI (14): Neutral to slightly bullish (hovering near 50-55), indicating balanced market sentiment.
MACD: Showing upward momentum with a potential continuation, suggesting a bullish bias.
Moving Averages: Price above the 50-day MA and 200-day MA, confirming a general bullish trend in the mid-to-long term.
Trade Signal:
Buy Signal: If price holds above $0.725 and breaks the resistance at $0.747, consider entering long.
Target Levels 🎯:
1. Target 1: $0.747 (near recent highs)
2. Target 2: $0.770 (next resistance zone)
3. Target 3: $0.800 (psychological round number and next major resistance)
Trade Momentum:
Current momentum is moderately bullish, with price showing consistent support above $0.700. Watch for a breakout above $0.747 to confirm further upward movement.
Risk Management:
Stop-Loss: Set around $0.700 (just below S2) to protect against any sudden downturns.
Trade Outlook: Short-term bullish with potential to target higher resistance levels. Maintain a close watch on momentum indicators for further confirmation.
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