Market Overview for Flow/Tether (FLOWUSDT) on 2025-11-04

Summary
• Price opened at 0.248 and closed at 0.24 on 2025-11-04, recording a 24-hour low of 0.236.
• Total volume reached 1.21 million, with a turnover of $291,610, showing increased activity in the latter half.
• A notable bearish reversal pattern emerged around 0.245, indicating potential pressure from sellers.

Flow/Tether (FLOWUSDT) opened at 0.248 on 2025-11-03 at 12:00 ET and closed at 0.24 by the same time the next day. The 24-hour high was 0.248, and the low was 0.236, with a total trading volume of 1.21 million and a notional turnover of $291,610.

Structure & Formations

Price action revealed key resistance near 0.247–0.248 and support at 0.242–0.244, with bearish engulfing patterns forming at key levels. A potential triple top at 0.245–0.246 suggested exhaustion among buyers. A morning doji at 0.245 indicated indecision, followed by a sustained bearish breakdown.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key price levels after 19:00 ET, confirming a downward shift. Daily averages showed the 50-period MA at 0.243 and 200-period MA at 0.241, indicating a potential bearish alignment for the mid-term.

MACD & RSI

The MACD crossed into negative territory after 19:00 ET, with bearish divergence forming relative to price. RSI dipped below 40 early in the session, entering oversold territory around 0.236, suggesting potential for a short-term bounce, though bearish momentum remains strong.

Bollinger Bands

Price remained below the 20-period Bollinger Band midpoint for much of the session, with a volatility expansion observed after 0.244. The widening bands indicated increasing uncertainty and a higher probability of a continued bearish trend.

Volume & Turnover

Volume surged above 100,000 at 14:45 ET and again at 15:00 ET, coinciding with key breakdowns in price. Turnover followed the same trend, confirming the bearish momentum. A divergence between price and volume was observed near 0.242, signaling caution for further declines.

Fibonacci Retracements

Fibonacci levels on the 15-minute swing (0.248 to 0.236) showed key retracements at 0.243 (38.2%) and 0.241 (61.8%). The 0.243 level held briefly but failed to provide lasting support, suggesting bearish continuation unless the 0.241 level is decisively broken.

Backtest Hypothesis

Given the bearish divergence in MACD and RSI, a potential backtest strategy could involve shorting FLOWUSDT upon a close below the 61.8% Fibonacci retracement level (0.241) with a stop-loss above the 0.245 resistance and a take-profit near 0.235–0.236. This approach could be optimized with volume confirmation, as seen in the 14:45–15:00 ET period, where large-volume bearish breaks occurred. The strategy should be tested over multiple cycles to validate consistency in volatility and momentum signals.