š $FLUX is showing a potential technical setup!
On the 1-week chart, FLUX/USDT has bounced strongly from recent lows around 0.038, showing early signs of a macro trend reversal and building upward momentum.
š The Technical Setup:
⢠The Pattern: Double Bottom / Potential Reversal
⢠Short-term Target: 0.11355 - 0.11871
⢠Macro Objective: 0.12509 - 0.13540
⢠Market Structure: Reversal / Accumulation
šÆ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.03800 - 0.04000
⢠Resistance: 0.09170 - 0.10105
⢠Breakout Level: 0.07500
⢠Stop Loss / Invalidation: 0.03500
š Confirmation:
⢠Volume: Neutral/standard volume on recent green candles
⢠Momentum: Bullish recovery off lows with consecutive green weekly candles
⢠Trend: Potential macro trend reversal from multi-month downtrend
ā ļø Invalidation:
A weekly close below the 0.03500 support level would completely invalidate this setup.
Price is showing early signs of a bullish reversal after establishing a local low, keeping key resistance targets in play if momentum continues.
š Creator: NOUMAN_DON (@NOUMAN_DON)
#flux #crypto #BinanceSquare #Binance #bitcoin
On the 1-week chart, FLUX/USDT has bounced strongly from recent lows around 0.038, showing early signs of a macro trend reversal and building upward momentum.
š The Technical Setup:
⢠The Pattern: Double Bottom / Potential Reversal
⢠Short-term Target: 0.11355 - 0.11871
⢠Macro Objective: 0.12509 - 0.13540
⢠Market Structure: Reversal / Accumulation
šÆ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.03800 - 0.04000
⢠Resistance: 0.09170 - 0.10105
⢠Breakout Level: 0.07500
⢠Stop Loss / Invalidation: 0.03500
š Confirmation:
⢠Volume: Neutral/standard volume on recent green candles
⢠Momentum: Bullish recovery off lows with consecutive green weekly candles
⢠Trend: Potential macro trend reversal from multi-month downtrend
ā ļø Invalidation:
A weekly close below the 0.03500 support level would completely invalidate this setup.
Price is showing early signs of a bullish reversal after establishing a local low, keeping key resistance targets in play if momentum continues.
š Creator: NOUMAN_DON (@NOUMAN_DON)
#flux #crypto #BinanceSquare #Binance #bitcoin
