FLOKI Technical Analysis
- Buy: TP $0.00017, SL $0.000115
- Pattern: Falling Wedge, price had a bullish breakout, signaling a potential +30% upside to $0.00017. Price is retesting the breakout level. Stop Loss at $0.000115. This is a riskier trade since it’s a reversal setup against the downtrend.
- Trend: Short-term, medium-term, and long-term trends are all strongly down.
- Momentum: MACD is bullish but weakening. Price is neither overbought nor oversold (RSI 30-70).
- Support: $0.0001
- Resistance: $0.00019, then $0.00027
Summary: FLOKI is showing signs of a temporary reversal from a Falling Wedge breakout, with a target of $0.00017. However, the trade carries higher risk as it’s against the prevailing downtrend.
About The Author
