✴️ Flux | Potential Correction (Name Your Altcoin #38)

12 feb 2023

Flux is in the middle of a strong bullish wave but at the time we are having some mixed signals.

While we have higher lows we also have lower highs.

The 9-Feb. break below EMA10 was really strong but the overall volume is favoring the bulls...
What to think, what to do?

It is better to focus on what is happening and review the different scenarios rather than to speculate on what will happen.

The action is ongoing here and we don't trade this type of chart, we buy near support/at the bottom and just ride the wave up, no complexities, no stress, no anxiety, just buy and hold.

After EMA300/MA200 were conquered as resistance, these levels are now being tested as support.

This is the range between 0.7236 to 0.7392.

Any trading above these levels and FLUXUSDT can move straight up...

Now, if these levels fail as support we get a correction as shown on the chart below:

The volume is favoring the bulls, so the correction can happen but still end within a higher low.

Namaste.