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David2656
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Bullish
$FLM . Preparing for a Bullish Rally.
Flamingo Finance has been trading within a falling wedge pattern on the weekly timeframe a bullish chart pattern often indicating a potential reversal. The price is now moving above the upper trendline of the wedge signaling a possible breakout.
Key Levels to Watch.
Resistance Level. $0.45 If the bullish momentum continues $0.45 is the next major target as it aligns with previous resistance.
Support Level (Buy Zone). $0.30–$0.32 This zone could act as a strong entry point if the price pulls back for a retest of the breakout.
Stop Loss. Below $0.28 Placing the stop loss below $0.28 helps protect against unexpected reversals.
Trade Strategy.
1. Buy Zone. Enter between $0.30 and $0.32 during a retest of the breakout.
2. Targets.
Target 1. $0.38 (minor resistance)
Target 2. $0.45 (main resistance level)
Target 3. (Long-term). $0.50+ if momentum sustains.
3. Stop Loss. Set below $0.28 to limit risk.
Why is $FLM Bullish.
Pattern Breakout. Breaking out of a falling wedge is historically bullish.
Volume Spike. Increased trading volume supports the breakout.
Market Sentiment. The broader crypto market seems to be recovering which may benefit altcoins like.
Risk Management
Cryptocurrency markets are volatile. Always invest only what you can afford to lose. If $FLM fails to hold above the wedge it could revisit lower levels. Monitor price action closely.
