$FLOKI – BULLISH BREAKOUT IMMINENT AS CONSOLIDATION NEARS END
$FLOKI has been trading in a tight consolidation range after a sharp impulse move, forming a classic bullish pennant pattern on the higher timeframes. Volume has decreased during the consolidation, indicating a potential breakout is nearing. The recent wick rejections at the lower trendline show strong buying pressure and support at that level. RSI is resetting from overbought conditions, now poised to turn upward, signaling momentum building for the bulls.
MACD is showing a bullish crossover on the 4H timeframe, aligning with the symmetrical triangle breakout bias. Fibonacci retracement levels suggest the asset has respected the 0.5 level, commonly used by institutions for re-entries.
ENTRY (LONG): On breakout and retest of upper triangle resistance
TP1: 15% above entry
TP2: 25% above entry
TP3: 40% above entry
SL: Just below triangle support or last swing low
Risk Management: Risk only 1–2% of total portfolio per trade. Always use stop-loss and avoid emotional entries.
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