ShawnMCR

πŸ“Š FLM just broke resistance. Will it last? I think so.

BINANCE:FLMUSDT   FLM / TetherUS
Hello, dear TradingView members .
This idea is an FLM analysis.

FLM was retesting the resistance level when I was preparing this char, but it had a pump and broke resistance.
Right now, I see two scenarios, and I think the first one is more likely to happen since the price is moving above the safe zone and it's showing overbought signals.

Scenario one:
The price will get rejected by the new resistance level and consolidate around that zone or fall even lower to the support levels.

Scenario two:
The price will get more buy volumes, and after a couple of hours, we will see another pump to the highest resistance level .

The Bollinger Bands are broad and show overbought signals.

The Speedometer indicator shows Buy volumes on the market for FLM on a 1D interval.

Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.

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