💦 Technical Analysis: Flow ($FLOW )



Market Capitalization: $316.7M.
On the hourly chart, Flow demonstrates a textbook example of a downtrend.

🟡 Impulsive downward movement alternates with consolidation - price is currently in sideways mode.

How to trade❔

💬 Catch the price on breakout from the sideways channel.
The strategy is simple and effective:
On upward breakout: open buy.

💬 Stop-loss behind nearest minimum.
Profit target - before resistance level.

💬 On downward breakout: open sell. Stop-loss behind nearest maximum.
Profit target equals the width of the sideways channel.

💬 Key point: profit/risk ratio is the determining factor.
It will either push you toward the trade or away from it.

Conclusion:
Classic strategy on repeating patterns. If the pattern confirms with a breakout from sideways, you can catch a good move with clear risk/reward ratio.

📈 Open trade with $FLOW ‌🔗 Chat • X • HRUMfamily
FLOW-2.98%
post-image
HRUM
HRUMHrum
MC:$3.52KHolders:1
0.00%
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