FLNC just got hit hard, dropping from recent highs to 13.25 before seeing some buying interest. Despite the sharp -15% decline, price is attempting to find support near current levels, showing that dip buyers are starting to step in.
EP
12.90 - 13.05
TP
13.50
13.80
14.20
SL
12.70
The recent selloff looks more like profit-taking than structural breakdown. Momentum remains weak, but the market is finding footing beneath current levels. If bulls manage to reclaim and hold above 13.50, the next expansion move could target higher liquidity zones in quick fashion.
For me, reclaiming and holding above 13.80 with strong volume would be a major sign that the trend still has room to recover in this cycle. The bias remains cautious as long as price stays below 13.50.
I'm not rushing entries. I want confirmation, solid market structure, and proper risk management before increasing exposure.
The trend is uncertain, the structure is fragile, and volatility is extreme.
Time to watch for the next move.
This is only my personal market view, not financial advice. Always do your own research and manage risk carefully.
