🚀 $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)

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