FLUXUSDT 1D Analysis FLUX ~ 1D Analysis
#FLUX Buy gradually from here if you still have confidence in this coin with a short term target of at least 15%++ from here.
Fluxanalysis
FLUXUSDT 1WFLUX ~ 1W Analysis
#FLUX This is the lowest support for now. Buy from here with a minimum target of 20%+.
#FLUX (SPOT) entry range( 0.55 - 0.59) T. (0.9099) SL (0.5409)entry range( 0.55 - 0.59)
Target (0.9099)
SL .4H close below (0.5409)
note ....
(This trade may give you 100% profit but we are taking 54% from the highest entry point so you can keep a little for incremental revenue with very tight stoploss )
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BINANCE:FLUXUSDT
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**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX ****
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FLUXUSDTFLUX ~ 1W
#FLUX The buy button is currently lit for this Coin. Make purchases in stages with a short-term target of at least 20%+
FLUXUSDT.1DIn this technical analysis of the FLUX/USDT 4-hour chart on Binance, we'll explore the significant technical aspects that are currently shaping the market dynamics of FLUX.
Price Action and Support/Resistance Levels
The chart shows FLUX trading at approximately $0.7379, with a significant downtrend visible, marking a 10.77% decline in the last recorded session. Key resistance levels are indicated at $1.0816 (R1) and $1.2427 (R2), while support levels are set at $0.6595 (S1) and $0.4893 (S2). These levels suggest potential areas where price movements could stall or reverse.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is currently below the signal line, and the histogram reflects negative values, both of which indicate bearish momentum. The increasing distance between the MACD line and the signal line suggests that the bearish momentum is strengthening.
Historical Volatility: While not explicitly shown, the wide price fluctuations suggest high volatility, typical of lower-cap cryptocurrencies like FLUX. This volatility can lead to rapid price changes, affecting trading strategies.
Market Sentiment
The recent sharp decline and the position of the price relative to the support and resistance levels imply a bearish sentiment in the market. The trading volume, though not visible in this snapshot, would provide additional insights into market conviction.
Conclusion
The current market setup for FLUX suggests a bearish outlook, as indicated by the technical indicators and the recent price action. The price is approaching the first support level (S1), and how it reacts to this level could be crucial. A break below S1 could see FLUX testing the lower support at S2. Conversely, if S1 holds, there might be a potential rebound towards R1. Traders should monitor these levels closely for signs of a reversal or continuation of the current trend. As always, considering the inherent volatility in such assets, risk management strategies such as stop losses should be employed to protect investments.
