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$FLOW short term correction before consolidation
Short $FLOW
Entry: 0.0595 – 0.0615
SL: 0.0648
TP1: 0.0580
TP2: 0.0570
TP3: 0.0555
TP4: 0.0505
Why:
The move into 0.062 came very fast and now the chart is showing early signs of exhaustion. RSI is extremely stretched above 90, which usually happens near short-term tops after a strong impulse move.
Price also printed a rejection wick right at the recent high, suggesting sellers are starting to defend that level. After such vertical rallies, markets often cool off with a pullback before deciding the next direction.
If buyers fail to keep price above the 0.058–0.059 zone, a retrace toward the previous breakout area around 0.053–0.050 becomes likely as momentum resets.
Trade $FLOW here 👇
{future}(FLOWUSDT)