๐ข
$FLUX / $USDT | ๐ข LONG | โญ 72.2%
๐ฏ Goal: $0.04455. Does it make it?
๐ฏ Trading levels:
๐ข Entry: $0.0433
๐ Stop Loss: $0.04255
๐ TP1: $0.04455
๐ TP2: $0.0448
๐ TP3: $0.0453
๐ Analysis:
$FLUX shows a bullish multi-timeframe alignment, with an ADX of 62.72 confirming a strong uptrend. Price remains above the 20, 50, and 200 period EMAs (moving averages that smooth price to identify direction), while the bullish MACD crossover (momentum indicator) and the confirmed formation of a double bottom support the continuation of the move. Although the RSI at 74.68 indicates overbought conditions, the market structure remains strong above the POC at $0.041681.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1H
๐ Technical confidence: 4/5
The thesis is invalidated if price breaks the stop loss at $0.04255, losing immediate support and the structure of higher lows. Itโs important to monitor volume, because a drop could suggest a bullish trap near resistance at $0.0441.
Do you think the current momentum is enough to break the immediate resistance at $0.0441?
๐ก This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #FLUX #trading #Futures #Bullish