FLOW MARKET STRUCTURE UPDATE
I'm analyzing
$FLOW 's current price action, which is hovering around the mid-range of $0.03434, with a slight 0.03% increase over the past 24 hours. The volume profile indicates a relatively low buying pressure, but
$FLOW shouldn't have issues holding above the support zone of ~$0.03365. It's worth noting that a clean breakout above the resistance zone of ~$0.03501 could lead to a potential target of $0.03600, representing a 4.5% increase from current prices.
The current market structure suggests that
$FLOW is experiencing a period of consolidation, with the funding rates indicating a neutral sentiment. If
$FLOW can sustain above $0.03434, it may attract more buyers, potentially leading to a shift in market structure.
The order blocks are forming near the support zone, which could provide a buying opportunity if
$FLOW can bounce off this level, with a potential entry around $0.03380 and a target of $0.03550, representing a 5.3% increase from the entry point.
$FLOW #FLOW #Crypto #BinanceSquare