FLOW/USDT Assessing Breakout Potential Above Resistance? 👀 🚀

4 thg 12, 2023

💎 Paradisers, focus on #FLOWUSDT as it showcases a strategic move in the market. The asset is currently poised to challenge a critical resistance level, suggesting a strong likelihood of an upward trend upon a successful breakout.

💎 Analyzing #FLOW historical performance reveals its adherence to a descending channel pattern, with subsequent upward movements following successful breakouts. Presently, FLOW is demonstrating a concerted effort to breach a key resistance level, while maintaining robust momentum above the EMA.

💎 This setup indicates a high probability of overcoming the resistance at $.735. If this breakout is achieved, #FLOW is targeting subsequent resistance levels at $.916 and $1.071, marking potential new highs.

💎 However, in the dynamic world of cryptocurrency trading, #FLOW traders should remain prepared for all possibilities. A fallback strategy would involve anticipating a bullish rebound from the support level of $0.599, in case the breakout effort falters.

💎 Importantly, a decline below this support level might suggest challenges in sustaining the bullish trend and necessitate a reassessment of the trading approach. 🌴💰