$FLNC 🔸 SHORT 🔻📉 #flnc
🟢 Entry Zone: 7.40 - 7.60 (Wait for rejection/lower high confirmation)
🔴 Stop-loss: 7.85
🎯 TP1: 7.00
🎯 TP2: 6.80
🎯 TP3: 6.50
🛑 DO NOT ENTER INTO TRADE WITHOUT STOP LOSS!
🔸 FLNC has suffered a massive drop, breaking below multiple key support levels to hit a low of 6.99. The price is currently facing strong rejection near the 7.38 zone, which is acting as a weak relief rally and potential lower high.
🔸 On the 15m chart, the asset remains in a firm bearish structure with MACD deeply in the negative territory. If price fails to reclaim the 7.60 resistance, selling pressure is likely to push it back toward the recent swing lows.
🔸 Major resistance lies between 7.60 - 7.85. Sustaining below this area signals potential continuation down toward unmitigated sell-side liquidity. ⚡
⚠️ Disclaimer: Not financial advice. DYOR and manage risk properly.
🟢 Entry Zone: 7.40 - 7.60 (Wait for rejection/lower high confirmation)
🔴 Stop-loss: 7.85
🎯 TP1: 7.00
🎯 TP2: 6.80
🎯 TP3: 6.50
🛑 DO NOT ENTER INTO TRADE WITHOUT STOP LOSS!
🔸 FLNC has suffered a massive drop, breaking below multiple key support levels to hit a low of 6.99. The price is currently facing strong rejection near the 7.38 zone, which is acting as a weak relief rally and potential lower high.
🔸 On the 15m chart, the asset remains in a firm bearish structure with MACD deeply in the negative territory. If price fails to reclaim the 7.60 resistance, selling pressure is likely to push it back toward the recent swing lows.
🔸 Major resistance lies between 7.60 - 7.85. Sustaining below this area signals potential continuation down toward unmitigated sell-side liquidity. ⚡
⚠️ Disclaimer: Not financial advice. DYOR and manage risk properly.