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.