FLOW/USDT Buy Long | S6T2 - Team Trading Post for Team Frontline
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👉 Brief Introduction of the Flow Project (FLOW)
FLOW is an NFT token that was launched in 2020. It is designed as a base for new games, apps, and digital assets. FLOW provides opportunities for developers to build crypto businesses. Let's look at a screenshot of the Flow official website.
Screenshot - https://www.onflow.org//
FLOW has a multi-role architecture that allows the network to scale without reducing the decentralization of consensus. It has a resource-oriented programming method. The crypto programming language in FLOW is secure and easy to understand. FLOW also follows a very safe and low friction path when converting fiat to cryptocurrency.
The validators in the FLOW blockchain can start with cheap hardware verification nodes. Flow has a healthy ecosystem that takes steps to have a long-term existence. The FLOW team has created a website that helps developers to learn about the tool. If the users are alert with the website then they easily get updates about the FLOW token.
👉 Which exchange can be traded on
FLOW is another very popular and heavy potential project in the Cryptocurrency field. So, it has been listed with a lot of major exchanges including Binance, Huobi, and Kucoin. Below I have mentioned the Top 10 exchanges that can be used as a Trading platform for FLOW Tokens.
Screenshot - https://coinmarketcap.com/currencies/flow/markets/
👉 Why are you optimistic about this Token today
Same as the previous week, I am not going to buy this coin in my spot wallet. Because already I have some amount of TRB in my wallet that I bought from the bottom and mid. However, still, if someone needs to buy this coin as a long-term investment, he can buy this token using the dollar cost average technique.
So, today, I will trade on this FLOW token using Futures Trading. Because I'm much familiar with the scalping trading technique and today I will use a bit different technique. So, I will take my entry using a 5min chart as I need to exit from the market soon. This is because there is a lot of bad news in the market as compared to good news. So, it's better to take entry points without wasting time. However, there is some good news too. So, it will be a better opportunity to gain higher rewards within a few minutes.
👉 How long do you think it can rise?
In fact, this Token will definitely rise with very good profits in a few days. But, Today, I wish to take my profits within a few hours or minutes as I'm following a 1min chart to take my entry and exit as soon as possible.
So, in this post, I will invest 100$ by multiplying it up to 1000$ which means that I'm going to take my entry for 1000$ using 10x leverage. It is more than the previous week's Trades. Because today I have to exit from the market as soon as possible due to indecision situation in the market. However, the Trading strategy and the coin are different.
I have already completed the fundamental analysis part of this Coin above. So, it's time to do my technical analysis part. Here I've chosen the FLOW/USDT pair and firstly I will analyze my chart using a 1min chart. Let's do it.
Screenshot - https://www.tradingview.com/chart/
According to the above screenshot, you can see the indicators which I have used in this Trading strategy. That is the Exponential Moving Average indicator that was clearly explained by academy professors in the past season. At the same time, I have used quite a suitable Triangle pattern to identify the exact long entry and support and resistance levels to place my entry and exit points correctly.
So, here you can see the price has broken the highlighted Triangle Pattern with a good volume. At the same time, I have taken my entry when the price level breaks the EMA line as it can be good support after breaking. Let's take our entry.
Screenshot - Binance Mobile App(Futures)
Above I have clearly shown my Buy entry transaction details. You can clearly see that I have taken my entry from the exact location that I have marked in the chart.
After that, I had to wait only a few minutes to reach my quick Target. Today I was able to get more than 2$ within less than 5 minutes. Let's look at my sell order.
Screenshot - Binance Mobile App(Futures)
I have taken my entry using 10x leverage. Here I have closed my order from the exact location which I marked in the above screenshot that contains the price chart. I must mention that I have marked the nearest resistance zone to take exit point and nearest support zone to set my Stop-loss level.
According to the above screenshot, you can clearly see that Target has reached the same as my expectation. I have successfully earned 2.10 USDT for the 100$ investment that I earned within 3 Minutes.
Like I said earlier, I have already closed my order according to the relevant Trading Plan. And also, I have earned 2.10$ as my net profit for this 100$ investment which is more than 2% of earnings as a percentage. In addition to that, I also took some other quick entries.
Definitely, I recommend this coin for anyone who is willing to take a good profit as a long-term investment. Because this Token has reached more than 35$ when we look at its all time high price. However, as usual, if we take short-term entries like Futures entries, we should place a tight stop loss as it is very risky to take entry points in this very volatile market.
This is all about my Trading post and I thank you to professor @abdu.navi03 for including me in your valuable Trading Team.