ANALYSIS 🔎 - FLMUSDT brokeout above the double bottom neckline resistance. - Price hit a swing high and retraced. - Price retested the neckline resistance (flip horizontal support)and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance ( DTR ). - A brokeout above the descending trendline resistance (DTR) could be seen as a bullish signal.
BUY ENTRY ⬆️ - Breakout above the descending trendline resistance (DTR) and horizontal resistance level (R1).