FieryTrading

πŸ”₯ FLM Bullish Reversal From Channel Support

Long
BINANCE:FLMUSDT   FLM / TetherUS
FLM has been trading in a channel for a couple of months now, zoom out for a better picture.

Recently the price reversed sharply from the lower support of the channel, potentially signaling a new upward move towards the top resistance of the channel.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!
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Comments

Top analysis πŸ”₯πŸ”₯
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on point Fiery ;)
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Super, great! πŸš€
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looking for an upside move
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FieryTrading Fisher_Fx
@Fisher_Fx, πŸ”₯πŸ™
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I JUST ADDED THIS TO MY WATCHLIST , thanks boss
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FieryTrading Miska_Fx_Millionaires
@Miska_Fx_Millionaires, great! thanks
Reply
Wonderful chart
Reply
FieryTrading Investroyllc
@Investroyllc, thank you
Reply
you are teaching me a whole lot esp on when to buy in and resistance levels
Reply
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