FLOKI Correction done?
FLOKIUSDT
FLOKI/TETHERUS Binance
The Price has reached Weekly1 support and a lot of stop-losses have been liquiditated(orange lines).
There is one more major insufficient area FVG3 (Fair Value Gap) remaining and some stop-losses to take out around 0.00006568 price. This is very high probability buy-side liquidity area providing very good entry point inside FVG3.
The price might also bounce from the current levels without visiting these lower levels but I personally would feel a lot safer with a liquidity sweep bounce from a FVG.
Current ~44% correction from the previous highs is decent but further correction into the FVG3 levels would bring it to ~50% beeing not that uncommon scenario with alts. Either way, the direction is up. Way UP!
DYOR NFA
