FLOW/USDT Assessing Breakout Potential Above Resistance? ð ð
ð Paradisers, focus on #FLOWUSDT as it showcases a strategic move in the market. The asset is currently poised to challenge a critical resistance level, suggesting a strong likelihood of an upward trend upon a successful breakout.
ð Analyzing #FLOW historical performance reveals its adherence to a descending channel pattern, with subsequent upward movements following successful breakouts. Presently,
FLOW
is demonstrating a concerted effort to breach a key resistance level, while maintaining robust momentum above the EMA.
ð This setup indicates a high probability of overcoming the resistance at $.735. If this breakout is achieved, #FLOW is targeting subsequent resistance levels at $.916 and $1.071, marking potential new highs.
ð However, in the dynamic world of cryptocurrency trading, #FLOW traders should remain prepared for all possibilities. A fallback strategy would involve anticipating a bullish rebound from the support level of $0.599, in case the breakout effort falters.
ð Importantly, a decline below this support level might suggest challenges in sustaining the bullish trend and necessitate a reassessment of the trading approach. ðīð°
ð Analyzing #FLOW historical performance reveals its adherence to a descending channel pattern, with subsequent upward movements following successful breakouts. Presently,
FLOW
is demonstrating a concerted effort to breach a key resistance level, while maintaining robust momentum above the EMA. ð This setup indicates a high probability of overcoming the resistance at $.735. If this breakout is achieved, #FLOW is targeting subsequent resistance levels at $.916 and $1.071, marking potential new highs.
ð However, in the dynamic world of cryptocurrency trading, #FLOW traders should remain prepared for all possibilities. A fallback strategy would involve anticipating a bullish rebound from the support level of $0.599, in case the breakout effort falters.
ð Importantly, a decline below this support level might suggest challenges in sustaining the bullish trend and necessitate a reassessment of the trading approach. ðīð°
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Follow a team of traders with 10+ years of experience?
GO FREEð t.me/+BPd2gjl6OHZjYmQ0
ðïļOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ð shorturl.at/ikpAV
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