I've identified an exciting opportunity on the FFLOW/USDT chart. ๐ง
๐ Price Action: FLOW is currently forming a falling wedge pattern, which can be a bullish sign! ๐
๐ Technical Analysis:
Falling Wedge Pattern โ Decreasing Volume โ Potential Breakout Brewing โ ๐ Timeframe: Keep a close watch on this setup as it unfolds, and patience may pay off.
๐ฏ Entry Point: Consider an entry upon a breakout above the upper wedge trendline. ๐
๐ Stop-Loss: Prudent risk management suggests setting a stop-loss just below the lower wedge trendline.
๐ฏ Price Targets (Next 3-6 months):
Short-Term: Target the wedge's upper trendline, aiming for $0.80 - $1.00 ๐ฏ Mid-Term: If momentum continues, target $1.00 - $1.40 ๐ Long-Term: For the patient traders, the wedge's full potential could reach $1.40 - $3.00 ๐ ๐ Major Swing Target: The ultimate goal is a swing to the top of the wedge at ~$28. ๐
Remember, always conduct your own research and use appropriate risk management strategies.
Let's keep a close eye on FFLOW/USDT as it approaches the wedge apex! ๐ค๐ฐ