$FLUX insights and suggestions for potential trading moves👇
1. Short-Term Trends
24h Performance: FLUX has shown a 6.7% increase over the past 24 hours, which suggests recent bullish momentum.
Price Range: The low-to-high range over the last 24 hours ($0.4812 to $0.52) indicates some volatility, which could provide opportunities for day traders to capitalize on price fluctuations.
Volume Surge: With a 53.49% increase in trading volume, this shows rising interest, likely driven by recent price movement. The Vol/Market Cap ratio of 8.73% is moderately high, signaling above-average trading activity relative to the market cap.
2. Mid-Term Considerations
7-30 Day Trends: FLUX has had mixed performance, with minor gains in the past week (+2.5%) but slight declines over the last two weeks (-4.9%) and month (-0.3%). This indicates consolidation within a range, which could lead to a breakout or breakdown if enough momentum builds.
Key Resistance and Support: If FLUX breaks above $0.52 (today's high), it could move further if enough volume backs it. Conversely, if it dips below $0.4812, there may be a short-term retracement.
3. Long-Term View
Growth Potential: FLUX has a notable recovery from its all-time low (over 2900%) but remains significantly down from its all-time high (87.71% below peak). The long-term gain of 36.7% over the last year suggests potential stability and upward momentum despite short-term volatility.
Circulating vs. Max Supply: With 374.12M FLUX in circulation out of a max supply of 440M, FLUX is near its maximum supply. Limited future dilution might appeal to long-term holders who value capped supply.
Suggestions for Today's Trading
🚀For Short-Term Traders: Look for entry points around $0.50 with a stop-loss slightly below $0.4812. If momentum continues, target profit at or just above $0.52. A drop in volume or price below $0.4812 might signal a pullback.
🍺For Long-Term Investors: Consider building a position if FLUX retraces closer to the lower range ($0.48-$0.50). Given the year-on-year growth and capped supply, this level may provide a solid foundation for long-term appreciation.
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