🚀 $FLNC is showing a potential technical setup!
The daily chart shows a recovery attempt following a prolonged downtrend, currently stabilizing and forming a base near the 6.78 support level.
📈 The Technical Setup:
• The Pattern: Descending channel breakdown followed by range accumulation
• Short-term Target: 10.43 USDT
• Macro Objective: 13.38 USDT
• Market Structure: Reversal / Accumulation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 6.78 - 7.50 USDT
• Resistance: 10.43 USDT
• Breakout Level: 8.50 USDT
• Stop Loss / Invalidation: 6.50 USDT
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish recovery off key Fibonacci extension level
• Trend: Transitioning from strong bearish trend to local consolidation
⚠️ Invalidation:
A daily candle close below 6.78 USDT will invalidate this bullish reversal setup.
Monitor price action closely as it tests immediate local resistance.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#flnc #crypto #BinanceSquare #Binance #TechnicalAnalysis
The daily chart shows a recovery attempt following a prolonged downtrend, currently stabilizing and forming a base near the 6.78 support level.
📈 The Technical Setup:
• The Pattern: Descending channel breakdown followed by range accumulation
• Short-term Target: 10.43 USDT
• Macro Objective: 13.38 USDT
• Market Structure: Reversal / Accumulation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 6.78 - 7.50 USDT
• Resistance: 10.43 USDT
• Breakout Level: 8.50 USDT
• Stop Loss / Invalidation: 6.50 USDT
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish recovery off key Fibonacci extension level
• Trend: Transitioning from strong bearish trend to local consolidation
⚠️ Invalidation:
A daily candle close below 6.78 USDT will invalidate this bullish reversal setup.
Monitor price action closely as it tests immediate local resistance.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#flnc #crypto #BinanceSquare #Binance #TechnicalAnalysis
