UPDATE on $FLOW

Let's analyze FLOW/USDT (1d chart) together 👨‍💻

Currently FLOW is testing a crucial major support zone. If we go deeper then this level has historically acted as a strong floor for price action, and as expected we are seeing a potential reaction here.

Let's analyze indicator

RSI : Currently the RSI is 28.91, which indicate us the asset is in oversold region. This often shown a potential bounce back or trend reversal as selling pressure exhausts.

If the price holds and establishe a solid base above the support, we could look for a potential reversal toward the recent resistance levels. But in this present volatile market condition we shouldn't expect much bullish movement.

Risk management tips

Look for a fresh daily close below the (grey) support zone. A breakdown here could signal further downside momentum (expecting).