SkyrexTrading

FLM - huge pump after breakout!

Long
BINANCE:FLMUSDT   FLM / TetherUS
Hello, everyone!

Last time I made analysis on Flamingo month ago. I said that the FLM has the strong fundamental factors to grow. Click the link under the article to check it.

As you know I use the lower Bollinger band on the 3D timeframe(current chart is daily, but the BB indicator use 3D timeframe). According to my strategy a managed to buy FLM almost at the bottom ($0.44). If you bought with me, now you are in 40% profit. Now let's consider what is going to be next.

Now the price is testing Supply zone 1 and it is near the Resistance trendline, so it is too dangerous to buy now.

We should wait for this Supply zone and trendline breakout and buy only after that. In case of success the price will easily reach the $0.77 ( Supply zone 2) and can almost reach the ATH, because it is the height of huge triangle which is formed buy Support and Resistance trendline.

DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.

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