Hey traders! π£
I've identified an exciting opportunity on the $FLOW/USDT chart. π§
π Price Action: FLOW is currently forming a falling wedge pattern, which can be a bullish sign! π
π Technical Analysis:
Falling Wedge Pattern β
Decreasing Volume β
Potential Breakout Brewing β
π Timeframe: Keep a close watch on this setup as it unfolds, and patience may pay off.
π― Entry Point: Consider an entry upon a breakout above the upper wedge trendline. π
π Stop-Loss: Prudent risk management suggests setting a stop-loss just below the lower wedge trendline.
π― Price Targets (Next 3-6 months):
Short-Term: Target the wedge's upper trendline, aiming for $0.80 - $1.00 π―
Mid-Term: If momentum continues, target $1.00 - $1.40 π
Long-Term: For the patient traders, the wedge's full potential could reach $1.40 - $3.00 π
π Major Swing Target: The ultimate goal is a swing to the top of the wedge at ~$28. π
Remember, always conduct your own research and use appropriate risk management strategies.
Let's keep a close eye on $FLOW/USDT as it approaches the wedge apex! π€π°
Happy trading! πππ€
#Crypto #TradingView #TechnicalAnalysis #FallingWedge #BullishSetup
I've identified an exciting opportunity on the $FLOW/USDT chart. π§
π Price Action: FLOW is currently forming a falling wedge pattern, which can be a bullish sign! π
π Technical Analysis:
Falling Wedge Pattern β
Decreasing Volume β
Potential Breakout Brewing β
π Timeframe: Keep a close watch on this setup as it unfolds, and patience may pay off.
π― Entry Point: Consider an entry upon a breakout above the upper wedge trendline. π
π Stop-Loss: Prudent risk management suggests setting a stop-loss just below the lower wedge trendline.
π― Price Targets (Next 3-6 months):
Short-Term: Target the wedge's upper trendline, aiming for $0.80 - $1.00 π―
Mid-Term: If momentum continues, target $1.00 - $1.40 π
Long-Term: For the patient traders, the wedge's full potential could reach $1.40 - $3.00 π
π Major Swing Target: The ultimate goal is a swing to the top of the wedge at ~$28. π
Remember, always conduct your own research and use appropriate risk management strategies.
Let's keep a close eye on $FLOW/USDT as it approaches the wedge apex! π€π°
Happy trading! πππ€
#Crypto #TradingView #TechnicalAnalysis #FallingWedge #BullishSetup
Youtube: www.youtube.com/channel/UCO85FMvCQzxq5QBEOpERkRg
Linktree: linktr.ee/swingtradepros
Website: www.swingtradepros.com
Discord: discord.gg/swingtradepros
Linktree: linktr.ee/swingtradepros
Website: www.swingtradepros.com
Discord: discord.gg/swingtradepros