After our last FLM analysis, price broke out but then came back down to revisit the bottom. We can see that we're in yet another descending correction which could lead to a break to the upside.
We saw a similar pattern happen on Bitcoin last year, which broke to the upside to create new ATH's. See below:
Trade Idea:
- Watch for break of the descending correction
- Enter with stops below the recent lows
- Targets: 4, 7, actively manage the rest.
Goodluck!
We saw a similar pattern happen on Bitcoin last year, which broke to the upside to create new ATH's. See below:
Trade Idea:
- Watch for break of the descending correction
- Enter with stops below the recent lows
- Targets: 4, 7, actively manage the rest.
Goodluck!
