TRADE $FLUX HERE $FLUX

#FLUXUSDT 1-Hour Chart Analysis By CryptoPM Team

1. Price Action & Trend:

- FLUXUSDT surged, breaking key resistance at $0.5443 and $0.5949, reaching a high of $0.7077. The breakout above $0.5443 suggests a bullish reversal.

2. Support & Resistance:

- Support: $0.5949, $0.5443, $0.4918
- Resistance: $0.7077

3. RSI Indicator:

- The RSI is overbought, indicating potential for a pullback or consolidation. Watch for RSI to remain high for continued bullish momentum.

4. Pattern Observation:

- A breakout from the descending trend line indicates a shift from bearish to bullish. Price is forming a higher high, signaling an uptrend.

Trading Strategy

1. Long (Buy) Position:

- Entry: On pullback to $0.5949

- Targets: $0.7077, then $0.75-$0.80 if momentum continues

- Stop Loss: Below $0.5443

2. Short (Sell) Position:

- Entry: On reversal near $0.7077

- Targets: $0.5949, then $0.5443

- Stop Loss: Above $0.71

Summary:

- Buy near $0.5949, targeting $0.7077+, with stop below $0.5443.

- Sell on reversal at $0.7077, targeting $0.5949 and $0.5443, with stop above $0.71.

Monitor price action and RSI for confirmation.

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