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FLM / TetherUS PERPETUAL CONTRACT

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FLMUSDT.P trade ideas

✳️Flamingo/USDT (15/11) View + Trading Plan #FLM $FLMFLM is forming an Ascending Triangle pattern and this pattern could help FLM rebound in the next few days. However, FLM's selling pressure is still very strong so we need to pay attention to 0.2$ and 0.25$ zone. Currently, 0.15$ zone is temporarily considered the last support zone of FLM that we can trust. Sell immediately if this area is lost, 📈BUY- LONG -Buy close to 0.14-0.15$, stoploss if B 📉SELL-SHORT -Sell: 0.20-0.21$, stoploss if A -Sell: 0.25-0.26$, stoploss if A -Sell: 0.30-0.31$, stoploss if A ♻️BACK-UP -Sell close to 0.14-0.15$ if B, stoploss if A -Buy: 0.09-0.1$, stoploss if B ❓Details: Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
FlamingoStill a new coin, started in September, so finding its base but not a lot of data. After the inital problems with wallet fails on the first day of staking, they appear to be on top of issues and running on time. Next item on the timeline is Vault Phase 3 - Stablecoin Issuance - 28th of Nov 2020 - No idea what this is, guessing they will be starting a new stable coin. Interesting project, lets see if they can add some fundmental value to FLM. Back to the charts - We have seen a parabolic fall from $4.50, transition into a gradual downward wedge. - Still weak - under all MAs - Downward pressure with staking coins as people continually sell as they are earned. - Have noticed a Bullish divergence that played out on the 17th for a 10% rise - Currently have a new one presenting. - Small bounce off bottom of wedge. - If it hits the top this is about a 5% move. - Volume seems to be dropping off, less sellers or interest? - Risky trade mainly because its very new. As always take the proper risk management.
by System791
3