FLUX: Bullish Momentum Building! Breakout Potential Ahead

22 בפבר׳

💎 FLUX has recently broken out of a resistive trendline and formed an inverse head and shoulders pattern, which is a bullish reversal signal. Additionally, CHoCH in the price further reinforces the likelihood of a bullish move.

💎If FLUXUSDT manages to break above the resistance level along with the bearish Order Block (OB), it could signal a strong bullish movement. However, in case of a pullback, it's advisable to wait for a retracement to the bullish OB. A bullish candlestick pattern at this level can provide an optimal entry point for a bullish trade with a small stop-loss.

💎Conversely, if the price declines and breaks below the demand level, it might be prudent to refrain from trading FLUX until clearer price action signals emerge.