- FLM shows early bullish signs after sweeping liquidity below $0.019 and reclaiming structural levels near $0.025.
- Crypto Patel identifies $0.0256 as entry, with targets at $0.0409 and $0.0536, supported by liquidity dynamics.
- FLM trades near $0.0208, with market cap at $11.66M and TVL of $7.11M, reflecting ecosystem engagement.
Flamingo Finance (FLM) presents a technical structure that suggests a possible bullish reversal following a liquidity sweep and reclaim of key market levels, as traders closely observe upcoming breakout confirmations across major support and resistance zones.
Market Overview
Flamingo Finance (FLM) has gained fresh attention after a technical arrangement that is indicating a possible reversal of trend. As at the writing time it is at a price of $0.02088, the token dropped by 2.3% over the past 24 hours, with an elastic price band of $0.02014-$0.02141. The market capitalization is 11.66 million, which is approximately equal to its fully diluted capitalization, and the entire supply of its 558,999,888 tokens has been issued.
For the same period, FLM recorded a 24-hour trading volume of approximately $994,825, which reflected relatively poor liquidity in relation to its market capitalization. Despite subdued price action, the token’s high TVL-to-market-cap ratio implies a portion of circulating supply remains actively utilized in staking and yield activities.
On an intraday basis, FLM’s price action exhibited steep movements, which included a sharp decline to $0.02007 on October 24, from which it subsequently recovered. The recovery coincided with an increase in volatility, which suggested that short-term traders once again became interested as the token stabilized at the $0.0208 level.
Technical Setup and Market Structure
A recent chart shared by Crypto Patel outlined a structured bullish setup on the FLM/USDT pair, emphasizing a possible 100%+ upside. The analysis identified an external liquidity sweep, a shift in structural direction (CISD), and clear target levels aligned with liquidity behavior on the daily timeframe. Patel’s setup suggests a transition from bearish exhaustion toward structural recovery.
The liquidity sweep occurred when price briefly moved below previous lows near $0.017–$0.019, triggering stop orders and clearing sell-side liquidity. This event, followed by a swift rebound above prior range lows, marked the potential end of short-term selling pressure. Patel labeled this as the “External Liquidity Sweep,” implying that smart money likely absorbed the excess liquidity from weaker positions.
Following this sweep, the CISD zone around $0.021–$0.025 emerged as a key area of interest. According to Patel, “CISD holding” indicates reclaimed structure and confirms weakening bearish momentum. His entry point at $0.0256 represents the ideal confirmation level for bullish continuation once price breaks structural resistance.
Upside Targets and Risk Management
Patel’s projection defines two upside targets—$0.0409 and $0.0536—corresponding to clustered buy-side liquidity levels. The first target aligns with potential resistance from prior short positions, while the second coincides with the region of equal highs, signaling uncollected liquidity.
A protective stop-loss at $0.0167 sits below the external liquidity sweep zone, offering a favorable risk-to-reward ratio exceeding 1:4. This structured approach balances exposure while capturing the potential move toward upper liquidity zones.
As of writing, FLM trades below the proposed entry region, awaiting structural confirmation for bullish continuation. Market participants continue to monitor volume expansion and a break above the $0.0214 level as early indications of strength. The upcoming sessions will likely determine whether Flamingo Finance transitions from accumulation to expansion, validating the technical framework presented.
