FLR is currently displaying a positive Balance of Power (BoP) on the one-day chart, signaling that buyers are in control. With the BoP at 0.26, market sentiment is leaning strongly bullish, reflecting active buying pressure.
The BoP is a key indicator measuring the strength of buyers versus sellers over a period. A positive BoP, like FLR’s current reading, suggests that buying momentum exceeds selling pressure, which often precedes sustained upward price movements.
Conversely, a negative BoP typically points to seller dominance and can foreshadow price declines or consolidation phases.
Given FLR’s current positive sentiment, the likelihood of a continued rally appears strong as buyers push the price higher.
The BoP is a key indicator measuring the strength of buyers versus sellers over a period. A positive BoP, like FLR’s current reading, suggests that buying momentum exceeds selling pressure, which often precedes sustained upward price movements.
Conversely, a negative BoP typically points to seller dominance and can foreshadow price declines or consolidation phases.
Given FLR’s current positive sentiment, the likelihood of a continued rally appears strong as buyers push the price higher.
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Leader in crypto news, award winning journalism in 26 languages.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.