📌 Entry Zone:
🔹 $0.00007500 - $0.00007650
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🎯 Targets: ✅ First Target: $0.00007780
✅ Second Target: $0.00007950
✅ Third Target: $0.00008200
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🛑 Stop Loss: 🔻 $0.00007150
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📊 Technical Analysis:
🔸 FLOKI is currently trading in a sideways accumulation zone after bouncing from the last low at $0.00007182, indicating strong support around this level.
🔸 The Relative Strength Index (RSI = 52.84) does not indicate overbought conditions, leaving room for potential upward movement.
🔸 The MACD shows a slight positive crossover above the zero line, supporting the beginning of upward momentum, but needs confirmation through stronger trading volume.
🔸 The moving average (MA5 and MA10) shows convergence with the beginning of a positive crossover, which is an initial signal for a bullish reversal.
🔸 Trading volume is balanced, but we need a strong green candle with a clear breakout above $0.00007767 to confirm the upcoming rise.
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💡 Upward confirmation: A breakout above the resistance level of $0.00007780 with high trading volume could push FLOKI towards its targets quickly over the next two days.
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📢 Risk Management: ✔️ Take partial profits at each target while gradually moving the stop loss higher.
✔️ Staying above $0.00007500 is very important to maintain the bullish scenario.
✔️ Breaking below the level of $0.00007150 may indicate a retest of support or a potential bearish reversal.
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My Technical Opinion:
FLOKI shows signs of recovery. If this occurs, we might see a strong push towards higher levels with trader activity in the meme coin sector.
A good opportunity for short-term speculation with cautious risk management.