$FLUID The monthly timeframe is showing a solid structural shift.
After a prolonged downtrend, a bottom formed at 0.807, and since then the price has built a continuous base and printed higher lows. The current monthly candle has convincingly broken above the MA(7), and the price is holding aggressively around 2.08, reflecting clear buyer dominance.
When a bottom reversal on higher timeframes is confirmed with volume, it signals more than just a short-term bounce—it can indicate a trend reversal. However, after the current expansion, it’s important to watch how price reacts at local levels.
Levels to watch:
Immediate resistance: 2.25 - 2.30
Major target zone: 3.10 - 3.95
Key pullback support: 1.72 - 1.45 (MA7 zone)
For those who entered at lower levels, holding with a trailing stop-loss is a sensible approach. For fresh entries, waiting for a clean retest on lower timeframes rather than chasing a direct breakout may offer a better risk-reward ratio.
This is not financial advice. Trade with your own risk management.
#FLUID #BinanceSquare #CryptoTrading #TechnicalAnalysis #Altcoins
After a prolonged downtrend, a bottom formed at 0.807, and since then the price has built a continuous base and printed higher lows. The current monthly candle has convincingly broken above the MA(7), and the price is holding aggressively around 2.08, reflecting clear buyer dominance.
When a bottom reversal on higher timeframes is confirmed with volume, it signals more than just a short-term bounce—it can indicate a trend reversal. However, after the current expansion, it’s important to watch how price reacts at local levels.
Levels to watch:
Immediate resistance: 2.25 - 2.30
Major target zone: 3.10 - 3.95
Key pullback support: 1.72 - 1.45 (MA7 zone)
For those who entered at lower levels, holding with a trailing stop-loss is a sensible approach. For fresh entries, waiting for a clean retest on lower timeframes rather than chasing a direct breakout may offer a better risk-reward ratio.
This is not financial advice. Trade with your own risk management.
#FLUID #BinanceSquare #CryptoTrading #TechnicalAnalysis #Altcoins