#Floki/USDT 15-minute chart shows a textbook bullish setup — here’s what’s happening and what could come next:
🔍 Chart Breakdown
Cup and Handle Pattern (Bullish Formation)
The large rounded base forms the "cup", indicating accumulation and a shift from bearish to bullish sentiment.
A consolidation in the form of a falling wedge follows — this is the "handle".
This entire structure is bullish, often signaling a breakout to the upside once the handle resolves.
Falling Wedge (Continuation Pattern)
The price is tightening inside a descending wedge, with lower highs and lower lows.
Price action is respecting both trendlines well.
Volume (not shown here) typically decreases during the wedge, then spikes at breakout.
EMAs (13, 20, 50)
The price is above all EMAs, suggesting strong underlying bullish momentum.
EMAs are stacked upward, often preceding a breakout move.
🔮 What’s Next?
➡️ Bullish Scenario (Higher Probability):
A breakout above the wedge's upper trendline (~0.00009100–0.00009200) could push price toward:
First target: $0.00009600 (previous local resistance)
Second target: $0.00009800–0.00010000 (psychological & measured move target)
⬇️ Bearish Scenario (Low Probability):
Breakdown below the wedge (~$0.00008900) might lead to:
Retest of support zone around $0.00008200–$0.00008100
But that area aligns with cup base, which may act as strong support
📊 Summary
Current Pattern: Cup and Handle + Falling Wedge
Bias: Bullish
Breakout Signal: Above $0.00009100 with volume
Key Targets: $0.000096 → $0.000098 → $0.00010
Invalidation: Breakdown below $0.00008900
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