$FLM Entry Range: $0.0430 - $0.0450Action: Sell 📉SL (Stop Loss): $0.0470TP 1: $0.0405TP 2: $0.0380TP 3: $0.0350
🥂 Check Price and Trade Now
$FLM 🚨 Note: Trade at your own risk. DYOR.
Analysis of the Short Trade Setup:
Bearish Daily Performance (-4.61%) shows selling pressure.Lower High Formation suggests a downtrend, with resistance at $0.0450.Weak Market Cap to TVL Ratio (3.16) indicates potential capital inefficiency.Increasing Volume (+27.39%) but price declining → signals exit liquidity, not accumulation.Key Support at $0.0405: If broken, FLM could slide further toward $0.0380 or lower.
Why Should Investors Follow This Setup?
Bearish Momentum – The price struggles to hold gains, forming lower highs.Historical Weakness – FLM is down 96.56% from ATH, showing long-term bearish bias.Risk-Reward Ratio – A well-defined SL and TP levels offer high reward with controlled risk.Breakdown Risk – If $0.0405 fails to hold, FLM could quickly drop to $0.0350.
Reversal Possibility Trade Setup (Bullish Scenario):
If FLM breaks above $0.0470 with strong volume, consider a long position:
Entry Range: $0.0470 - $0.0500Action: Buy 📈SL: $0.0420TP 1: $0.0520TP 2: $0.0560TP 3: $0.0600
Reason for Reversal:
Break Above $0.0470 Resistance: Could trigger short liquidations, pushing price higher.High Volume Uptick: If bullish volume overtakes selling pressure, a reversal may occur.Key Support at $0.0405 Holding Strong: If buyers defend this level, a bounc
#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #FLM