FLUXUSDT trade ideas
fluxThe currency FLUX, the positive is above 2.06, which is the point B, and at the same time it is considered a resistance that has previously reached and rebounded downwards, i.e. closing above we go to the first target and then the second target, closing below 1.12 cancels the scenario, but 1 dollar is strong support, it is forbidden to close below
Trending after its pullbackIn the two cases provided below, the case for the Sandbox and Decentraland are this market trending upwards. Similar is it for the case of Flux. Something to note is that flux is trending after its initial pullback.
Entry Price: 1.29
Stop loss: 1.24
Target Price 1: 2.00
Target Price 2: 2.27
Target Price 3: 2.93
The general sentiment in the metaverse tokens is that this market is trending and with other metaverse tokens trending would the market sentiment lead to the Flux token be trending in the long term.
Seen in this chart is the token is overbought in the short term and the MACD is about to close in the short term.
This is not financial advice.
FLUX long once we test support againTaking a long on Flux once we reach support again 1.4818 all the way to 1.7720. Flux has been moving into later stages of development and t he recent lowered threshold for running a Node has doubled the number of nodes since last month.
Gpu miners are also increasingly looking at Flux as the next gpu mineable crypto once ETH 2.0 is completed.
Cheers, good luck and as always be dareful out there