Coin Name: $FLOKI
Position: LONG
Entry Price: 0.00008636
On the 4-hour timeframe, Floki is forming a descending channel. At present, it appears poised to retest the channel’s lower trendline. If this trendline holds as support, it could trigger a potential move to the upside. Moreover, the RSI is approaching the demand zone, indicating a possible shift in momentum toward buyers.
On the 4-hour timeframe, OTHERS is forming a bull flag, a typically bullish continuation pattern. A key support level aligns with the flag’s lower trendline. If OTHERS can hold this area, an upward breakout is likely. Additionally, the RSI is approaching the demand zone—commonly seen as a buyer's territory—further supporting the potential for a bullish move.
On the weekly timeframe, Floki is showing significant liquidity imbalances. It’s likely that price will first move lower to sweep the downside liquidity. Once that’s cleared, a reversal toward the upside is expected as the market targets the liquidity resting above.
Leverage: 3X
Targets:
1st TP 0.000094
2nd TP 0.000099
3st TP 0.000110
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$FLOKI i