Flow Market Overview: Volatility and Mixed Momentum in 24-Hour Window

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Summary
• Flow traded in a 24-hour range of $0.411–$0.425 with a closing decline to $0.412.
• Volatility increased midday as volume surged to 200k+ on 15-minute candles.
• RSI signaled overbought conditions earlier, followed by bearish divergence.
• Bollinger Bands expanded in late ET hours, confirming a breakout attempt.
• No strong reversal patterns emerged, but a bearish engulfing candle appeared at $0.411.

Flow opened at $0.419 on July 18 at 12:00 ET and traded as high as $0.425 before closing at $0.412 by 12:00 ET on July 19. The 24-hour volume amounted to 2,143,699.06 with a notional turnover of $868,406.33. The session was marked by moderate volatility and mixed momentum signals.

Structure & Formations

Key support levels emerged around $0.411–$0.412, where Flow found temporary refuge after a bearish reversal. Resistance remained intact at $0.422–$0.425, with a failed breakout attempt in the early hours of July 19. A bearish engulfing pattern developed at the lower end of the range, suggesting short-term bearish bias. A doji formed near $0.416, indicating indecision among traders.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in the final hours of the session, signaling a potential bearish trend. On the daily chart, the 50-period MA crossed below the 200-period MA, reinforcing bearish momentum.

MACD & RSI

The MACD line crossed below the signal line in the final hours, confirming a bearish divergence. The RSI peaked above 65 earlier in the session, entering overbought territory, but then declined sharply to neutral levels, suggesting exhaustion in the bullish move.

Bollinger Bands

Volatility increased in the early hours of July 19 as Bollinger Bands expanded, with Flow trading near the upper band before retreating into the middle band. The narrowing of bands earlier in the day indicated a consolidation phase before the breakout attempt.

Volume & Turnover

Volume spiked to over 200k on several 15-minute candles between 00:45 ET and 05:45 ET, coinciding with the failed breakout attempt. Turnover aligned with volume, showing strong conviction in price action. A divergence appeared in the final hours as volume declined despite continued price weakness.

Fibonacci Retracements

On the 15-minute chart, Flow retested the 61.8% retracement level at $0.419 before falling below it. On the daily chart, the 38.2% retracement level at $0.414 acted as a temporary support, but the price broke through it in the late hours of the session.

Flow may face further bearish pressure in the next 24 hours as momentum indicators and volume patterns suggest exhaustion in the bullish camp. However, traders should watch for a potential bounce off the $0.411–$0.412 support zone. As always, volatility remains a risk, and sudden reversals are possible with macroeconomic or broader market triggers.