FLOKUSDT pump amid weak cryptocurrency market. Hunting for bullish liquidity before liquidation.
Level (resistance):
The price is testing the resistance 0.1905, seems to break through it, but can't continue the rally yet. At this time, the cryptocurrency market flounder - BTC starts to decline, it can provoke a false breakout of resistance and a fall of the coin.
M5 setup:
Scenario: If the coin fails to rally and continues its gradual approach with declining highs (pre-breakdown consolidation), the 0.1905 level may not hold. The return of the price under the resistance will confirm the fact of a false breakout. In this case, we can expect a decline to the zones of interest at 0.155, 0.1215.
Level (resistance):
The price is testing the resistance 0.1905, seems to break through it, but can't continue the rally yet. At this time, the cryptocurrency market flounder - BTC starts to decline, it can provoke a false breakout of resistance and a fall of the coin.
M5 setup:
Scenario: If the coin fails to rally and continues its gradual approach with declining highs (pre-breakdown consolidation), the 0.1905 level may not hold. The return of the price under the resistance will confirm the fact of a false breakout. In this case, we can expect a decline to the zones of interest at 0.155, 0.1215.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.