Analysis of the performance of the digital FLNCB/USDT token
$FLNCB โฆ๏ธThe FLNCB token is exposed to a sharp downward wave with a vertical drop of 31.57%โbringing the current price to $10.75, with trading volume over the past 24 hours of 48,403.04 for FLNCB and 598,051.21 for USDT.
๐The technical chart shows extremely intense selling pressure, with the price trading below all major moving averages (MA7 at 13.56, MA99 at 14.77, and MA25 at 15.18), following a pullback from the peak at $16.32 and a retest of the low at $10.44.
โฉ๏ธThe targeted bullish trend: an attempt to recover and break the nearby resistance at $12.50, and regain trading near the MA(7) average at $13.50.
โฉ๏ธSuitable entry price: cautious buying is preferred after consolidation is confirmed and a rebound occurs between the $10.50โ$10.80 zones.
๐ฅExit price (take profit): the proposed target to secure profits is near $12.40.
๐ฒStop-Loss: a break and close below the $10.20 level.
๐ก Warning: risk management and avoiding emotional trading are the fundamentals for preserving capital during highly volatile times.
Do you think this sharp drop represents a unique bottom for a rebound? And donโt forget to follow me to get all the latest updates! ๐๐
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