$FLOKI
FLOKI/USDT ā Long Setup (Reversal Continuation)
š Timeframe: 1H
š° Current Price: 0.00010999
š Market Context: Breaking out of inverse head and shoulders with volume spike
š Technical Notes:
š¹ Clean breakout above neckline around 0.00010500
š¹ Strong bullish candles with increasing volume
š¹ RSI rising but not yet overbought
š¹ Key resistance at 0.00011350 being tested
š¹ Price forming higher lows consistently
šÆ Entry Plan:
š¢ Entry Zone:
0.00010700 ā 0.00011000 (ideal retest zone if pullback occurs)
š Consider scaling in with 2 entries within range
ā
Wait for support confirmation on pullback
šø Take-Profit Targets:
šÆ TP1: 0.00011350 (local high zone)
šÆ TP2: 0.00011800 (breakout extension)
šÆ TP3: 0.00012500 (major resistance + fib target)
š”ļø Stop-Loss:
š» SL: Below 0.00010450 (loss of breakout support)
āļø Risk-Reward Tip:
Entry: 0.00010900 | SL: 0.00010450
TP2: 0.00011800 ā Risk:Reward ā 2:1+
š” Adjust SL to entry after TP1 for risk-free ride
ā
Confirmation Triggers:
šø Bounce on 0.00010700 with wick rejection
šø Volume > 20B
šø BTC steady above $67K or pushing upward
šø RSI holding above 50 on 1H
š„ Signal Strength:
Medium-High ā Breakout confirmed, potential retest ahead š
Watch closely for pullback entry!