SHORTING FLM, Inflationary coins are going to get HIT HARD.
The market is shaken, BTCUSDT has fallen below the 200 MA a historically vital support for any bullish trend.
ETHUSDT has tanked and most of the market with it.
FLMUSDT has an inflationary supply meaning the total number of coins increases over time.
In a market that has lost it's confidence this can only mean the price will continue in a downward trajectory as more supply is added and we have decreasing demand.
FLMUSDT is in a clear downtrend just like the rest of the market, but has shown signs of weakness before this correction.
I'm betting it's going to continue the downtrend with some strength.
ETHUSDT has tanked and most of the market with it.
FLMUSDT has an inflationary supply meaning the total number of coins increases over time.
In a market that has lost it's confidence this can only mean the price will continue in a downward trajectory as more supply is added and we have decreasing demand.
FLMUSDT is in a clear downtrend just like the rest of the market, but has shown signs of weakness before this correction.
I'm betting it's going to continue the downtrend with some strength.
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