Flow/USDT is approaching an interesting phase as it moves closer to a significant resistance level. The chart shows consolidation, indicating potential energy build-up for a breakout.
Key observations: - Flow/USDT is testing a resistance zone that has held strong in previous attempts. A successful breakout could result in a bullish move with considerable potential. - Momentum indicators such as RSI and MACD suggest growing bullish sentiment, increasing the likelihood of upward movement. - A volume surge during the breakout would confirm buyer strength and validate the move.
Strategy: - Wait for a clear 4-hour or daily candle close above the resistance to confirm the breakout. - Consider entering after a retest of the resistance as new support, which often provides a safer entry point. - Use stop-loss orders below the breakout level to manage risk effectively. - Watch for fake breakouts; avoid entering prematurely without proper confirmation.
Potential targets: - First target: [Add specific level based on analysis]. - Second target: [Add specific level based on analysis].
This is for educational purposes only. Always conduct your own research and trade with caution.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates! 👉 t.me/cryptobyghazii
🔥 For quick scalping & high volatility trading, Join Me Here 👉 t.me/qaisranitrades
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.