FLM / TetherUS
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๐Ÿ”ฅ FLM Channel Trade

FLM has been trading in a channel for a couple of months now, zoom out for a better picture.

Recently, the price reversed sharply from the lower support of the channel, potentially signaling a new upward move towards the top resistance of the channel. After consolidating for a couple of days I think we will see more bullish pressure arising soon.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart Iโ€™ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!
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