FLM

FLM/USDT is bounded in the descending
triangle pattern.
- Price is testing the descending triangle's
horizontal support.
The swing downtrend was resisted by the
descending trendline resistance.
- Price brokeout above the descending
trendline resistance.
- Price action is printing the double bottom pattern.
- The double bottom pattern is a
bullish reversal pattern.
BUY ENTRY
- Market entry: current market price.
- Stop limit entry: breakout above 0.4241 resistance
- Limit entry: 0.3000 level
TARGETS ©*
- The descending triangle's inclined
resistance.
There's a brokeout potential of the
descending triangle's inclined resistance.
SETUP INVALIDATION X
- Initial invalidation: breakdown below 0.2800 support level.
- Final invalidation: breakdown below the
descending triangle's horizontal support