Flow/USDT: Preparing for a Breakout Opportunity
Flow/USDT is approaching an interesting phase as it moves closer to a significant resistance level. The chart shows consolidation, indicating potential energy build-up for a breakout.
Key observations:
- Flow/USDT is testing a resistance zone that has held strong in previous attempts. A successful breakout could result in a bullish move with considerable potential.
- Momentum indicators such as RSI and MACD suggest growing bullish sentiment, increasing the likelihood of upward movement.
- A volume surge during the breakout would confirm buyer strength and validate the move.
Strategy:
- Wait for a clear 4-hour or daily candle close above the resistance to confirm the breakout.
- Consider entering after a retest of the resistance as new support, which often provides a safer entry point.
- Use stop-loss orders below the breakout level to manage risk effectively.
- Watch for fake breakouts; avoid entering prematurely without proper confirmation.
Potential targets:
- First target: .
- Second target: .
This is for educational purposes only. Always conduct your own research and trade with caution.
