$FLOKI
Entry and Exit Strategy
Given your 1-hour timeframe and 50x leverage, here’s a suggested strategy:
Buy Signal:
Enter a long position if the RSI drops to 40 or below and then rebounds, indicating a potential bullish reversal.
Target Price: $0.00008000 (based on recent resistance levels).
Sell Signal:
Enter a short position if the RSI reaches 70 or above, signaling overbought conditions.
Target Price: $0.00007000 (based on recent support levels).
Stop Loss:
Set a 2-3% stop loss below your entry price to manage risk, given the high volatility of meme coins.