Flamingo Finance (FLM) Targets Bullish Trend Following Liquidity Sweep: Market Anticipates Breakout Confirmation
Market Activity: Flamingo Finance (FLM) shows early bullish signs after reclaiming key structural levels near $0.025, currently trading at $0.0208 with a market cap of $11.66M and a total value locked (TVL) of $7.11M.
Technical Analysis: Crypto Patel identifies $0.0256 as an entry point for potential bullish continuation, with upside targets set at $0.0409 and $0.0536, supported by liquidity dynamics and a recent liquidity sweep.
Price Movements: FLM experienced a sharp decline to $0.02007 before recovering, indicating renewed interest from short-term traders as the price stabilized around $0.0208.
Risk Management: A protective stop-loss is suggested at $0.0167, providing a favorable risk-to-reward ratio, while market participants await confirmation of bullish momentum through volume expansion and a break above $0.0214.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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