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FLAMINGO/USD TETHER PERPETUAL SWAP CONTRACT

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FLMUSDT.P trade ideas

FLM Has Mirrored Itself ! The Road To $0.5 Has Just BegunI'll Show You An Interesting Phenomenon: The FLM Chart Has Mirrored Its 2022 Price Action. 7th Step Is On The Way ! I strongly believe, this flip zone In The Chart Below, established in December 2020, represents the primary hurdle for the FLM. This zone has resisted the price movement on 10 attempts within the weekly timeframe. As you may know, the more a zone undergoes retests, the greater the likelihood of it being overcome in the future. So From Now On, I consider this zone as a pseudo-resistance-level which will be broken within the upcoming weeks. It's Simple To Identify The Big-Big Falling Wedge Pattern, And It's Even Easier To Recognize The Break-out At The Top Of This Pattern. Consequently, We Are Currently Experiencing The Pullback Phase. The War Thing You Hear On The News These Days, Is The Excuse For This Pullback. So, We've Identified The Flip Zone, As Well As The Broken Falling Wedge. What's Next? I'll Tell You What's Next! There's A Colossal Head-And-Shoulders Pattern Formed Directly Under The Main Flip Zone. Considering The Number Of Attempts To Break The Neckline And The Falling Wedge We Mentioned Earlier, We Anticipate The Price Will Shatter This Neckline And Jump Right Into The Daily Order Block, Which Is Located Around $0.5.
Long
by Trading-Mechanics
FLM/USDT is need breakout the resistance for confirm to bullish!💎 Paradisers, #FLM has recently shown significant market dynamics. Currently, FLM is encountering resistance. 💎 If FLM successfully breaks out above this resistance, it could signal bullish momentum and lead to further upward movement, possibly reaching the strong resistance area. 💎 However, if FLM fails to break out of the resistance and experiences rejection, there is a possibility of a downward movement towards the support area around $0.11. This could allow FLM to gather momentum for another breakout attempt. 💎 When FLM reaches the support area, it needs to bounce to maintain bullish momentum and attempt to break out of the resistance again. However, if FLM fails to bounce from the support and breaks below it, it could indicate a bearish trend continuation, leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
6
✴️ Flamingo Recovers | Falling Wedge, Volume & Easy 215% Target ➖ Notice the falling wedge, it works as a consolidation phase. ➖ Notice how volume starts to rise after June 2022. ➖ Notice how in early September 2023 the highest buy volume ever shows up; This is it, that's the signal. This tells us that "people in the know" are buying for the next market phase. It tells us that the bottom is in, because as a new low is hit 17-August, sell/bearish volume is low but as soon as the time comes to buy the daily volume shoots up. This volume signal is supported by a strong RSI as well as Flamingo trading above EMA50 in this timeframe. What do we know? We know the bottom is in! Once we hit bottom, the only place left to go is up. 👉 I am mapping the first target for FLMUSDT at ~215%, you can find more by looking at the chart. Thank you for reading. Remember to follow! Namaste.
Long
by AlanSantana
1
FLMUSDTbased on the trend analysis, MACD indicator, and RSI readings, the outlook for FLMUSDT appears bearish in the near term. Traders and investors may consider adopting a cautious approach or implementing strategies to capitalize on potential downward price movements, such as short-selling or avoiding long positions until signs of trend reversal or price stabilization emerge. It is essential to exercise proper risk management and conduct further research before making any trading decisions, as cryptocurrency markets are inherently volatile and unpredictable
Short
by alyazegia
FLMUSDT | 1W 👀The coin has shown an excellent rebound on increased volumes and has currently reached a resistance limit. I think it's reasonable to add the coin to the portfolio for 1% of the deposit. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Flamingo. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Flamingo #Investment #FLM
by Nyskohuz