🚀 $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.
📈 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
🎯 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
📊 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
⚠️ 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.
💎 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.
📈 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
🎯 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
📊 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
⚠️ 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.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#flux #crypto #BinanceSquare #Binance #bitcoin
