Quick look at
$FLOW —it's hanging in this consolidation spot with a bit of a bearish tilt overall.
Volumes on those latest 1H candles are thinning out on the drops, like down to 6.1M at 0.094 from 8.9M higher up at 0.105, which kinda hints at sellers running out of gas. That huge 560M spike when it tanked to the 24H low of 0.088? Smells like straight capitulation to me.
Flows are all over: contracts got positive bumps in 1H and 4H (+590K and +414K USDT), but 24H is bleeding out (-1.25M). Feels like short-term buyers stepping in while the bigger picture shows distribution. Spot side's consistently negative too (-144K in 24H), so retail isn't biting much.
I'm thinking cautious long
$FLOW for a quick scalp chance here.
Jump in near that support around 0.093-0.094, ideally on a reversal like a hammer candle with some volume pop to confirm.
Stop: 3% under entry, say at 0.090 (below Support and the recent low) to keep it safe.
Targets
$FLOW : First 0.098 (Resistance, about 4.2% up), then 0.101 (next resistance, 7.3%). Gets you over 1:2 risk-reward easy.
You spotting the same setup?
#FLOW #Flowusdt